{"id":104888,"date":"2017-11-07T10:05:59","date_gmt":"2017-11-07T18:05:59","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=104888"},"modified":"2017-11-07T10:05:59","modified_gmt":"2017-11-07T18:05:59","slug":"nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/","title":{"rendered":"NWMLS: Nearly everything about the Seattle-area housing market continued to tilt in sellers&#8217; favor in October"},"content":{"rendered":"<p><em>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 <a href=\"http:\/\/seattlebubble.com\/blog\/membership\/\" title=\"Seattle Bubble Membership\">becoming a member of Seattle Bubble<\/a>.<\/em><\/p>\n<p>October market stats have been published by the NWMLS. Here&#8217;s a quick excerpt from their <a href=\"http:\/\/www.northwestmls.com\/index.cfm?\/News--Information\" title=\"NWMLS Press Release\">press release<\/a>:<\/p>\n<blockquote><p><strong>Key indicators for Western Washington housing still rising, but brokers detect slowdown and uncertainty<\/strong><\/p>\n<p>Early seasonal snow and questions swirling around the tax plan unveiled last week by House Republicans could make the usual seasonal slowdown more pronounced, say industry leaders from Northwest Multiple Listing Service. For October, however, key indicators trended upwards.<br \/>\n&#8230;<br \/>\n&#8220;The challenge for buyers actually isn&#8217;t lack of choice, it is the rapid pace of sales,&#8221; suggested Ken Anderson, president\/owner of Coldwell Banker Evergreen Olympic Realty.<br \/>\n&#8230;<br \/>\nJ. Lennox Scott, chairman and CEO of John L. Scott Real Estate, noted October was the &#8220;best ever for sales activity in the Puget Sound region.&#8221;<br \/>\n&#8230;<br \/>\nCompared to spring months, Scott expects volumes in the next few months will be at 30-to-50 percent of spring totals. &#8220;The stage is set once again for a frenzy housing market after the first of the year in the price ranges where there is a shortage of active listings for sale.&#8221;<\/p><\/blockquote>\n<p>Lennox sure likes that word &#8220;frenzy.&#8221; He seems to think that it has positive connotations. Personally I think it&#8217;s exactly the opposite. People do irrational and stupid things in a frenzy that they usually regret later. Is he saying that&#8217;s true of the current housing market? Maybe we actually agree more than I thought&#8230;<\/p>\n<p>Now let&#8217;s dive into the numbers for October.<\/p>\n<div style=\"width: 590px; margin:0 auto 15px; border: 5px solid #000000; background:#FFFF00; color:#000000; font-variant: small-caps; font-size:130%; font-weight: bold; text-align: center; padding: 3px;\">\n<div style=\"font-size: 150%; background:#000000; color:#FFFF00; margin:-3px -3px -10px; padding:5px;\">CAUTION<\/div>\n<p><\/p>\n<p style=\"margin:0;\">NWMLS monthly reports include an <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/08\/11\/one-more-look-at-bogus-reports-from-the-nwmls\/\" title=\"One More Look at Bogus Reports from the NWMLS\" style=\"color:#000000; text-decoration:underline;\">undisclosed and varying number<\/a> of<br \/>sales from previous months in their pending and closed sales statistics.<\/p>\n<\/div>\n<p>Here&#8217;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<style>.CNNTable {margin: 5px auto 15px;} .CNNTable td {padding: 0px 5px; text-align: center; font-size: .9em;} .top_row {font-weight: bold;} .CNNTable img {border:0;margin:0;}<\/style>\n<table class=\"CNNTable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\" style=\"width:450px;\">\n<tr class=\"top_row\">\n<th style=\"font-size: 105%; border-top: 0; border-left: 0;\">October 2017<\/th>\n<th>Number<\/th>\n<th>MOM<\/th>\n<th>YOY<\/th>\n<th>Buyers<\/th>\n<th>Sellers<\/th>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Active Listings<\/td>\n<td>2,619<\/td>\n<td>-15.6%<\/td>\n<td>-13.4%<\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/down-red.gif\" \/><\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/up-green.gif\" \/><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Closed Sales<\/td>\n<td>2,441<\/td>\n<td>-2.8%<\/td>\n<td>-2.9%<\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/up-green.gif\" \/><\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/down-red.gif\" \/><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">SAAS (<a href=\"http:\/\/seattlebubble.com\/blog\/2009\/04\/27\/seasonally-adjusted-active-supply-a-new-measure-of-market-virility\/\" title=\"Seasonally Adjusted Active Supply: A New Measure of Market Virility\">?<\/a>)<\/td>\n<td>1.03<\/td>\n<td>-11.7%<\/td>\n<td>+14.3%<\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/up-green.gif\" \/><\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/down-red.gif\" \/><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Pending Sales<\/td>\n<td>2,760<\/td>\n<td>+0.9%<\/td>\n<td>-2.4%<\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/up-green.gif\" \/><\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/down-red.gif\" \/><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Months of Supply<\/td>\n<td>1.07<\/td>\n<td>-13.2%<\/td>\n<td>-10.8%<\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/down-red.gif\" \/><\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/up-green.gif\" \/><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Median Price<a href=\"http:\/\/seattlebubble.com\/blog\/2010\/03\/10\/declines-in-kings-median-price-softened-by-sales-shifts\/\" title=\"Declines in King's Median Price Softened by Sales Shifts\">*<\/a><\/td>\n<td>$630,000<\/td>\n<td>+0.8%<\/td>\n<td>+14.5%<\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/down-red.gif\" \/><\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/up-green.gif\" \/><\/td>\n<\/tr>\n<\/table>\n<p>The only tiny shred of kind-of good news for buyers is that closed sales and pending sales are down slightly from a year ago. Of course, listings are down considerably more than sales, so the market overall is still trending in sellers&#8217; favor.<\/p>\n<p>Here&#8217;s your closed sales yearly comparison chart:<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH Closed Sales\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHClosed_2017-10.png\" rel=\"lightbox[104888]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH Closed Sales - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHClosed_2017-10.png\" alt=\"King County SFH Closed Sales\" \/><\/a><\/p>\n<p>Closed sales fell three percent between September and October. Last year over the same period closed sales were down just a tenth of a percent. Year-over-year closed sales were down three percent.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH Pending Sales\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPending_2017-10.png\" rel=\"lightbox[104888]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH Pending Sales - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPending_2017-10.png\" alt=\"King County SFH Pending Sales\" \/><\/a><\/p>\n<p>Pending sales were up one percent from September to October, and were down two percent year-over-year. Year-to-date pending sales are down four percent from 2016. Meanwhile year-to-date closed sales are <em>up<\/em> one percent. I still don&#8217;t know exactly why that&#8217;s happening, but my guess would be that fewer pending sales are collapsing this year than last year.<\/p>\n<p>Here&#8217;s the graph of inventory with each year overlaid on the same chart.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH Inventory\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHInventory_2017-10.png\" rel=\"lightbox[104888]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH Inventory - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHInventory_2017-10.png\" alt=\"King County SFH Inventory\" \/><\/a><\/p>\n<p>Inventory fell sixteen percent from September to October, and was down about the same amount from last year.<\/p>\n<p>Here&#8217;s the chart of new listings:<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH New Listings\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHNewListings_2017-10.png\" rel=\"lightbox[104888]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH New Listings - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHNewListings_2017-10.png\" alt=\"King County SFH New Listings\" \/><\/a><\/p>\n<p>One tiny bit of good news: new listings were <em>up<\/em> eleven percent from a year ago.<\/p>\n<p>Here&#8217;s the supply\/demand YOY graph.  &#8220;Demand&#8221; in this chart is represented by closed sales, which have had a consistent definition throughout the decade (unlike pending sales from NWMLS).<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a title=\"King County Supply vs Demand % Change YOY\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSupplyVsDemandPct_2017-10.png\" rel=\"lightbox[104888]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County Supply vs Demand % Change YOY - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSupplyVsDemandPct_2017-10.png\" alt=\"King County Supply vs Demand % Change YOY\" \/><\/a><\/p>\n<p>Still nothing new here. It seems like it&#8217;s been the same story forever: It&#8217;s a great time to be a seller and a terrible time to be a buyer.<\/p>\n<p>Here&#8217;s the median home price YOY change graph:<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH YOY Price Change\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPrices_2017-10.png\" rel=\"lightbox[104888]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH YOY Price Change - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPrices_2017-10.png\" alt=\"King County SFH YOY Price Change\" \/><\/a><\/p>\n<p>Year-over-year price changes fell a couple points between September and October and are still sit at a very high level.<\/p>\n<p>And lastly, here is the chart comparing King County SFH prices each month for every year back to 1994 (not adjusted for inflation).<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH Prices\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPricesYearly_2017-10.png\" rel=\"lightbox[104888]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH Prices - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPricesYearly_2017-10.png\" alt=\"King County SFH Prices\" \/><\/a><\/p>\n<p>Up slightly from September, but not quite back to the all-time high hit in July.<\/p>\n<p>October 2017: $630,000<br \/>\nJuly 2007: $481,000 <em>(previous cycle high)<\/em><\/p>\n<p>Here&#8217;s the article from the Seattle Times: <a href=\"https:\/\/www.seattletimes.com\/business\/real-estate\/seattle-home-prices-jump-nearly-18-percent-west-bellevue-median-hits-2-6-million\/\" title=\"Seattle home prices jump nearly 18 percent; West Bellevue median hits $2.6 million\">Seattle home prices jump nearly 18 percent; West Bellevue median hits $2.6 million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>October market stats have been published by the NWMLS. Here&#8217;s a quick excerpt from their <a href=\"http:\/\/www.northwestmls.com\/index.cfm?\/News--Information\" title=\"NWMLS Press Release\">press release<\/a>:<\/p>\n<blockquote><p><strong>Key indicators for Western Washington housing still rising, but brokers detect slowdown and uncertainty<\/strong><\/p>\n<p>Early seasonal snow and questions swirling around the tax plan unveiled last week by House Republicans could make the usual seasonal slowdown more pronounced, say industry leaders from Northwest Multiple Listing Service. For October, however, key indicators trended upwards.<br \/>\n&#8230;<br \/>\n&#8220;The challenge for buyers actually isn&#8217;t lack of choice, it is the rapid pace of sales,&#8221; suggested Ken Anderson, president\/owner of Coldwell Banker Evergreen Olympic Realty.<br \/>\n&#8230;<br \/>\nJ. Lennox Scott, chairman and CEO of John L. Scott Real Estate, noted October was the &#8220;best ever for sales activity in the Puget Sound region.&#8221;<br \/>\n&#8230;<br \/>\nCompared to spring months, Scott expects volumes in the next few months will be at 30-to-50 percent of spring totals. &#8220;The stage is set once again for a frenzy housing market after the first of the year in the price ranges where there is a shortage of active listings for sale.&#8221;<\/p><\/blockquote>\n<p>Lennox sure likes that word &#8220;frenzy.&#8221; He seems to think that it has positive connotations. Personally I think it&#8217;s exactly the opposite. People do irrational and stupid things in a frenzy that they usually regret later. Is he saying that&#8217;s true of the current housing market? Maybe we actually agree more than I thought&#8230;<\/p>\n<p>Now let&#8217;s dive into the numbers for October.<\/p>\n<p>The only tiny shred of kind-of good news for buyers is that closed sales and pending sales are down slightly from a year ago. Of course, listings are down considerably more than sales, so the market overall is still trending in sellers&#8217; favor.<\/p>\n","protected":false},"author":2,"featured_media":104891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"On the blog: NWMLS: Nearly everything about the Seattle-area housing market continued to tilt in sellers' favor in October","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616],"tags":[6,521,200],"coauthors":[1158],"class_list":["post-104888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-nwmls","tag-saas","tag-statistics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NWMLS: Nearly everything about the Seattle-area housing market continued to tilt in sellers&#039; favor in October \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NWMLS: Nearly everything about the Seattle-area housing market continued to tilt in sellers&#039; favor in October \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"October market stats have been published by the NWMLS. Here&#039;s a quick excerpt from their press release:  Key indicators for Western Washington housing still rising, but brokers detect slowdown and uncertainty  Early seasonal snow and questions swirling around the tax plan unveiled last week by House Republicans could make the usual seasonal slowdown more pronounced, say industry leaders from Northwest Multiple Listing Service. For October, however, key indicators trended upwards. ... &quot;The challenge for buyers actually isn&#039;t lack of choice, it is the rapid pace of sales,&quot; suggested Ken Anderson, president\/owner of Coldwell Banker Evergreen Olympic Realty. ... J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, noted October was the &quot;best ever for sales activity in the Puget Sound region.&quot; ... Compared to spring months, Scott expects volumes in the next few months will be at 30-to-50 percent of spring totals. &quot;The stage is set once again for a frenzy housing market after the first of the year in the price ranges where there is a shortage of active listings for sale.&quot;  Lennox sure likes that word &quot;frenzy.&quot; He seems to think that it has positive connotations. Personally I think it&#039;s exactly the opposite. People do irrational and stupid things in a frenzy that they usually regret later. Is he saying that&#039;s true of the current housing market? Maybe we actually agree more than I thought...  Now let&#039;s dive into the numbers for October.  The only tiny shred of kind-of good news for buyers is that closed sales and pending sales are down slightly from a year ago. Of course, listings are down considerably more than sales, so the market overall is still trending in sellers&#039; favor.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPricesYearly_2017-10.png\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/\",\"name\":\"NWMLS: Nearly everything about the Seattle-area housing market continued to tilt in sellers' favor in October \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPricesYearly_2017-10.png\",\"datePublished\":\"2017-11-07T18:05:59+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPricesYearly_2017-10.png\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPricesYearly_2017-10.png\",\"width\":915,\"height\":666},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NWMLS: Nearly everything about the Seattle-area housing market continued to tilt in sellers&#8217; favor in October\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.\",\"sameAs\":[\"http:\/\/SeattleBubble.com\/\",\"http:\/\/facebook.com\/is.totally.pointless\",\"https:\/\/x.com\/The_Tim\"],\"url\":\"https:\/\/seattlebubble.com\/blog\/author\/timothyellis\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NWMLS: Nearly everything about the Seattle-area housing market continued to tilt in sellers' favor in October \u2022 Seattle Bubble","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/","twitter_card":"summary_large_image","twitter_title":"NWMLS: Nearly everything about the Seattle-area housing market continued to tilt in sellers' favor in October \u2022 Seattle Bubble","twitter_description":"October market stats have been published by the NWMLS. Here's a quick excerpt from their press release:  Key indicators for Western Washington housing still rising, but brokers detect slowdown and uncertainty  Early seasonal snow and questions swirling around the tax plan unveiled last week by House Republicans could make the usual seasonal slowdown more pronounced, say industry leaders from Northwest Multiple Listing Service. For October, however, key indicators trended upwards. ... \"The challenge for buyers actually isn't lack of choice, it is the rapid pace of sales,\" suggested Ken Anderson, president\/owner of Coldwell Banker Evergreen Olympic Realty. ... J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, noted October was the \"best ever for sales activity in the Puget Sound region.\" ... Compared to spring months, Scott expects volumes in the next few months will be at 30-to-50 percent of spring totals. \"The stage is set once again for a frenzy housing market after the first of the year in the price ranges where there is a shortage of active listings for sale.\"  Lennox sure likes that word \"frenzy.\" He seems to think that it has positive connotations. Personally I think it's exactly the opposite. People do irrational and stupid things in a frenzy that they usually regret later. Is he saying that's true of the current housing market? Maybe we actually agree more than I thought...  Now let's dive into the numbers for October.  The only tiny shred of kind-of good news for buyers is that closed sales and pending sales are down slightly from a year ago. Of course, listings are down considerably more than sales, so the market overall is still trending in sellers' favor.","twitter_image":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPricesYearly_2017-10.png","twitter_creator":"@The_Tim","twitter_site":"@SeattleBubble","twitter_misc":{"Written by":"The Tim","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/","url":"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/","name":"NWMLS: Nearly everything about the Seattle-area housing market continued to tilt in sellers' favor in October \u2022 Seattle Bubble","isPartOf":{"@id":"https:\/\/seattlebubble.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/#primaryimage"},"image":{"@id":"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/#primaryimage"},"thumbnailUrl":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPricesYearly_2017-10.png","datePublished":"2017-11-07T18:05:59+00:00","author":{"@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f"},"breadcrumb":{"@id":"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/#primaryimage","url":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPricesYearly_2017-10.png","contentUrl":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/11\/KingCoSFHPricesYearly_2017-10.png","width":915,"height":666},{"@type":"BreadcrumbList","@id":"https:\/\/seattlebubble.com\/blog\/2017\/11\/07\/nwmls-nearly-everything-seattle-area-housing-market-continued-tilt-sellers-favor-october\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/seattlebubble.com\/blog\/"},{"@type":"ListItem","position":2,"name":"NWMLS: Nearly everything about the Seattle-area housing market continued to tilt in sellers&#8217; favor in October"}]},{"@type":"WebSite","@id":"https:\/\/seattlebubble.com\/blog\/#website","url":"https:\/\/seattlebubble.com\/blog\/","name":"Seattle Bubble","description":"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f","name":"The Tim","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70","url":"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g","caption":"The Tim"},"description":"Tim Ellis is the founder of Seattle Bubble. 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