{"id":103608,"date":"2016-02-05T15:28:47","date_gmt":"2016-02-05T23:28:47","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=103608"},"modified":"2016-02-05T15:28:47","modified_gmt":"2016-02-05T23:28:47","slug":"nwmls-pending-closed-home-sales-slow-january","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2016\/02\/05\/nwmls-pending-closed-home-sales-slow-january\/","title":{"rendered":"NWMLS: Pending and Closed Home Sales Slow in January"},"content":{"rendered":"

Get access to the full spreadsheets used to make the charts in this and other posts, as well as a variety of additional insider benefits by becoming a member of Seattle Bubble<\/a>.<\/em><\/p>\n

January market stats were published by the NWMLS yesterday. Before we get into our monthly stats, here’s a quick look at their press release<\/a>.<\/p>\n

Lack of inventory “a game changer” for home buyers<\/strong>
\nDepleted inventory is contributing to “overwhelming” traffic at open houses, shifts in strategies for both buyers and sellers, and escalating prices, according to officials with the Northwest Multiple Listing Service.<\/p>\n

Dick Beeson, a former chairman of the MLS board, said the lack of inventory in almost every county is, “without question, a 2016 game changer.”<\/p><\/blockquote>\n

We have been in an extremely low-inventory market for going on three years now. How is a continuation of a years-long trend “a game changer”? Ridiculous hyperbole.<\/p>\n

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CAUTION<\/div>\n

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NWMLS monthly reports include an undisclosed and varying number<\/a> of
sales from previous months in their pending and closed sales statistics.<\/p>\n<\/div>\n

Here’s your King County SFH summary, with the arrows to show whether the year-over-year direction of each indicator is favorable or unfavorable news for buyers and sellers (green = favorable, red = unfavorable):<\/p>\n