New listing absorption softens more as pending sales slip

I’ve got a few charts to update you with, but let’s start with a few charts that sum up the state of King County single-family listings, inventory, and pending sales.

After five or six years of the same story month after month—fewer listings, more sales, soaring prices—the market has definitely turned in 2018. Pending sales are now on the decline and inventory is rising rapidly. Let’s see what this looks like in charts…

Will 2015 Be the Bottom for Listings?

Let’s see how listings have been doing in the last couple months. First up, here’s a look at new listings for just the last month, compared to July of every other year, and the same chart but for the last three months combined: New listings had been recovering somewhat in 2013 and 2014, but this […]

Most New Listings Being Immediately Snatched Up

A recent commenter had some questions about inventory: …how much of the “low inventory” story is really a story of “high churn”? …it doesn’t seem like there is really a shortage of inventory, but rather that there is a shortage of stale inventory. Would be really curious to see how how new listing rates for […]

Inventory Growth Continues at a Snail’s Pace

Let’s take a closer look at how listings fared in July of this year compared to years past. First up, here’s a look at how many new listings hit the market in July, comparing July 2014 to July in every year I’ve got data for. New listings maintained the “six-year high” level they set back […]

New Listings Hit a Six-Year High for Month of May

Let’s take a closer look at how listings fared in May of this year compared to years past. First up, here’s a look at how many new listings hit the market in May, comparing May 2014 to May in every year I’ve got data for. New listings hit a six-year high for the month of […]

Listings Growth Anemic in January

Let’s take a closer look at how listings increased (or didn’t) in January. Here’s a view of how inventory has grown so far this year: After improving over the last few months, on-market inventory growth lost some traction in January, falling to the second-lowest level on record when compared to December. Next, here’s how many […]

Listing Quantity Improving at 2013 Year’s End

Let’s take a closer look at how listings did over the last few months of 2013 and for the year as a whole. First up, let’s take a look at our yearly summary. In theory the number of homes that are delisted should always show up as a negative number on this chart, but a […]