{"id":13951,"date":"2011-01-05T13:07:03","date_gmt":"2011-01-05T21:07:03","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=13951"},"modified":"2011-02-04T13:54:05","modified_gmt":"2011-02-04T21:54:05","slug":"nwmls-closed-sales-allegedly-spike-33-in-december","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2011\/01\/05\/nwmls-closed-sales-allegedly-spike-33-in-december\/","title":{"rendered":"NWMLS: Closed Sales Allegedly Spike 33% in December"},"content":{"rendered":"

December market stats have been published by the NWMLS. Here’s their press release: Western Washington home sales during December nearly equals year-ago levels<\/a>.<\/p>\n

“If you were in any mall in Washington state in December, you got the feeling that the economy is headed in the right direction,” said OB Jacobi, president of Windermere Real Estate Company and a member of the board of directors of Northwest Multiple Listing Service. “That increase in consumer confidence is the boost the real estate market needs,” he suggested.<\/p><\/blockquote>\n

I see. So now we’ve moved from using open house traffic as a gauge of local housing market health to using mall foot traffic. Fascinating.<\/p>\n

“Despite the expiration of the tax credit, King County saw about 3 percent more home sales in 2010 than in 2009,” Jacobi noted.<\/p><\/blockquote>\n

You mean the tax credit that was in effect for half of 2010, and basically half of 2009? Wow, what an accomplishment.<\/p>\n

Anyway, let’s have a look at the actual numbers.<\/p>\n

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CAUTION<\/div>\n

<\/p>\n

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