{"id":10659,"date":"2010-04-21T10:19:40","date_gmt":"2010-04-21T17:19:40","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=10659"},"modified":"2010-07-06T09:22:19","modified_gmt":"2010-07-06T16:22:19","slug":"prices-on-the-market-vs-prices-that-sell","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2010\/04\/21\/prices-on-the-market-vs-prices-that-sell\/","title":{"rendered":"Prices on the Market vs. Prices That Sell"},"content":{"rendered":"<p>In response to yesterday&#8217;s post with the breakdown of what&#8217;s selling around King County so far this year, someone asked if we could see some similar data for what&#8217;s currently on the market.  Great idea.<\/p>\n<p>Here&#8217;s an update to the interactive histogram, with everything over $1 million in the same bin.  The default display is what is currently on the market.  Click the drop-down below the chart to view January, February, or March sales.<\/p>\n<div style=\"width: 600px; height: 690px; margin: 0 auto;\">\n<script type=\"text\/javascript\" src=\"http:\/\/public.tableausoftware.com\/javascripts\/api\/viz_v1.js\"><\/script><object class=\"tableauViz\" width=\"604\" height=\"669\" style=\"display:none;\"><param name=\"name\" value=\"Sales-Histogram\/Hist\" \/><param name=\"toolbar\" value=\"yes\" \/><\/object><noscript>Hist<br \/><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/04\/21\/prices-on-the-market-vs-prices-that-sell\/\"><img loading=\"lazy\" decoding=\"async\" alt=\"Hist\" src=\"http:\/\/public.tableausoftware.com\/static\/images\/Sales-Histogram-Hist_rss.png\" width=\"584\" height=\"620\" style=\"border:0;\" \/><\/a><\/noscript><\/p>\n<div style=\"width:604px;height:22px;padding:0px 10px 0px 0px; margin-top: -6px; color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"padding-left: 488px;\"><a href=\"http:\/\/www.tableausoftware.com\/public?ref=http:\/\/public.tableausoftware.com\/views\/Sales-Histogram\/Hist\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\n<p>Wow.  In the first three months of the year, just 185 homes have sold for over $1 million in King County, but today there are 968 homes on the market at that price.  Using the &#8220;months of supply&#8221; metric (but with the closed homes statistic) that comes out to nearly 16 months of supply for the million-dollar-plus market.  Ouch.<\/p>\n<p>The rest of the market is also noticeably shifted to the right compared to what is actually selling.  Excluding homes over $1 million, roughly 47% of the homes sold January through March were priced over $350,000.  On today&#8217;s active market, over 54% of the homes have asking prices over $350,000 (again, excluding those over $1 million).  If you include homes over $1 million, homes over $350k are 50% of what has sold and 66% of what&#8217;s on the market.<\/p>\n<p>It would appear that there is a lot of wishful thinking going on in Seattle real estate right now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In response to yesterday&#8217;s post with the breakdown of what&#8217;s selling around King County so far this year, someone asked if we could see some similar data for what&#8217;s currently on the market.  Great idea.<\/p>\n<p>Here&#8217;s an update to the interactive histogram, with everything over $1 million in the same bin.  The default display is what is currently on the market.  Click the drop-down below the chart to view January, February, or March sales.<\/p>\n","protected":false},"author":2,"featured_media":0,"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":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616],"tags":[608,591,566,254,531],"coauthors":[],"class_list":["post-10659","post","type-post","status-publish","format-standard","hentry","category-stats","category-counties","tag-histogram","tag-list-price","tag-listings","tag-sales","tag-tableau"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Prices on the Market vs. Prices That Sell \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\/2010\/04\/21\/prices-on-the-market-vs-prices-that-sell\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Prices on the Market vs. Prices That Sell \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"In response to yesterday&#039;s post with the breakdown of what&#039;s selling around King County so far this year, someone asked if we could see some similar data for what&#039;s currently on the market. 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