{"id":15372,"date":"2011-04-20T10:00:34","date_gmt":"2011-04-20T17:00:34","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=15372"},"modified":"2011-04-20T11:41:45","modified_gmt":"2011-04-20T18:41:45","slug":"redfin-sales-prices-inventory-all-slipping-into-spring","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/","title":{"rendered":"Redfin: Sales, Prices, &#038; Inventory All Slipping into Spring"},"content":{"rendered":"<p><span style=\"font-size:85%; font-style:italic;\">Full disclosure: The Tim is <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/07\/14\/some-noteworthy-personal-news\/\" title=\"Some Noteworthy Personal News\u2026\">employed by Redfin<\/a>.<\/span><\/p>\n<p>Last Friday <a href=\"http:\/\/blog.redfin.com\/seattle\/2011\/04\/still_searching_for_spring_in_seattles_housing_market_march_insider.html\" title=\"Still Searching for Spring in Seattle\u2019s Housing Market (March Insider)\">Redfin released their March market data<\/a>.  Here&#8217;s an excerpt from the narrative <em>(which I also wrote)<\/em>:<\/p>\n<blockquote><p>Spring has officially sprung. Spring\u2013when flowers bloom, birds chirp, the sun makes an occasional appearance through brief windows in Seattle&#8217;s perpetually grey winter sky, and the real estate market begins to pick up steam.<\/p>\n<p>Let&#8217;s see how spring 2011 is shaping up:<\/p>\n<ul>\n<li>Flowers: check<\/li>\n<li>Birds: check<\/li>\n<li>Sunbreaks: check<\/li>\n<li>Real Estate: um&#8230;<\/li>\n<\/ul>\n<p>As it turns out, the usual spring uptick in new listings and sales still isn\u2019t materializing so far in 2011. What\u2019s the deal? Where are the sellers? Where are the buyers?<br \/>\n&#8230;<br \/>\nOur customers are feeling the pain of languishing inventory. &#8220;Inventory is a little bit stale,&#8221; laments <a href=\"http:\/\/www.redfin.com\/real-estate-agents\/klaus-gosma\">West Seattle Redfin Agent Klaus Gosma<\/a>. &#8220;People are definitely thirsty for some &#8216;new blood.'&#8221;<\/p>\n<p><a href=\"http:\/\/www.redfin.com\/real-estate-agents\/bryan-haynes\">Redfin Ballard Agent Bryan Haynes<\/a> agrees. &#8220;In Ballard we&#8217;re seeing two kinds of listings&mdash;stale, overpriced homes that end up sitting on the market and well-kept, well-priced homes that quickly attract buyers&#8217; attention.&#8221; Sadly, there just aren&#8217;t as many of the second kind as buyers would like.<\/p>\n<\/blockquote>\n<p>You can <a href=\"http:\/\/blog.redfin.com\/seattle\/files\/2011\/04\/Redfin-Seattle-Real-Estate-Market-Report-March-2011.xls\" title=\"Redfin Seattle Real Estate Market Report\">download the full spreadsheet from Redfin here<\/a>, and as usual, I&#8217;m going to map the data here.<\/p>\n<p>In the map below each zip code with enough sales in March is shown as a dot, with the size of the dot determined by the number of sales in that zip code in the month.  Each dot is color-coded based on whichever measure you select below the map.  You can view the month-over-month or year-over-year changes in inventory, sales, median prices, or median prices per square foot.  There is also a county selector that allows you to narrow, expand, or modify the view to your liking.<\/p>\n<div style=\"width:600px; height:890px;\">\n<script type=\"text\/javascript\" src=\"http:\/\/public.tableausoftware.com\/javascripts\/api\/viz_v1.js\"><\/script><object class=\"tableauViz\" width=\"604\" height=\"869\" style=\"display:none;\"><param name=\"name\" value=\"RedfinMonthlyStats\/RedfinDashboard\" \/><param name=\"toolbar\" value=\"yes\" \/><\/object><noscript>Redfin Dashboard<br \/><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/03\/14\/\/\"><img loading=\"lazy\" decoding=\"async\" alt=\"Redfin Dashboard\" src=\"http:\/\/public.tableausoftware.com\/static\/images\/RedfinMonthlyStats-RedfinDashboard_rss.png\" width=\"584\" height=\"820\" style=\"border:0;\" \/><\/a><\/noscript><\/p>\n<div style=\"width:604px;height:22px;padding:0px 10px 0px 0px; color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"float:right; padding-right:8px;\"><a href=\"http:\/\/www.tableausoftware.com\/public?ref=http:\/\/public.tableausoftware.com\/views\/RedfinMonthlyStats\/RedfinDashboard\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\n<p>Sales volume is still slipping in most places, but continues to rise in a few.  The biggest winner in King County was N. Beacon Hill \/ Mt. Baker (98144), where sales shot up from just 9 in February to 28 in March.  King County&#8217;s biggest decline was in Central East Bellevue (98007), where sales fell 20% from 10 in February to 8 in March.<\/p>\n<p>Here are the zip codes with the most SFH sales in October in King, Snohomish, Pierce, Thurston, and Kitsap County:<\/p>\n<ul>\n<li><strong>King:<\/strong> 98042 &mdash; 56 sales.<\/li>\n<li><strong>Snohomish:<\/strong> 98012 &mdash; 74 sales.<\/li>\n<li><strong>Pierce:<\/strong> 98391 &mdash; 71 sales.<\/li>\n<li><strong>Thurston:<\/strong> 98513 &mdash; 35 sales.<\/li>\n<li><strong>Kitsap:<\/strong> 98366 &mdash; 34 sales.<\/li>\n<\/ul>\n<p>Inventory began to show a little life in March, declining month-to-month in 41 King County neighborhoods, flat in 4, and rising in 27.  Year-to-year, the picture was less rosy: 12 neighborhoods saw inventory increase, 1 was flat, and the remaining 59 are all lower than a year ago.<\/p>\n<p>The median price fell from a year ago in 46 King County zip codes, and rose in 19.  The median price per square foot was down in 55 zip codes and up in just 9.<\/p>\n<p>Anything stand out to you about your neighborhood in this month&#8217;s data?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Full disclosure: The Tim is employed by Redfin. Last Friday Redfin released their March market data. Here&#8217;s an excerpt from the narrative (which I also wrote): Spring has officially sprung. Spring\u2013when flowers bloom, birds chirp, the sun makes an occasional appearance through brief windows in Seattle&#8217;s perpetually grey winter sky, and the real estate market&#8230;<\/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":[8,217],"tags":[675,213,679,82,531],"coauthors":[],"class_list":["post-15372","post","type-post","status-publish","format-standard","hentry","category-stats","category-neighborhoods","tag-heat-map","tag-maps","tag-monthly-stats","tag-redfin","tag-tableau"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Redfin: Sales, Prices, &amp; Inventory All Slipping into Spring \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\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Redfin: Sales, Prices, &amp; Inventory All Slipping into Spring \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Full disclosure: The Tim is employed by Redfin. Last Friday Redfin released their March market data. Here&#8217;s an excerpt from the narrative (which I also wrote): Spring has officially sprung. Spring\u2013when flowers bloom, birds chirp, the sun makes an occasional appearance through brief windows in Seattle&#8217;s perpetually grey winter sky, and the real estate market...\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/public.tableausoftware.com\/static\/images\/RedfinMonthlyStats-RedfinDashboard_rss.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/\",\"name\":\"Redfin: Sales, Prices, & Inventory All Slipping into Spring \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/public.tableausoftware.com\/static\/images\/RedfinMonthlyStats-RedfinDashboard_rss.png\",\"datePublished\":\"2011-04-20T17:00:34+00:00\",\"dateModified\":\"2011-04-20T18:41:45+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/#primaryimage\",\"url\":\"http:\/\/public.tableausoftware.com\/static\/images\/RedfinMonthlyStats-RedfinDashboard_rss.png\",\"contentUrl\":\"http:\/\/public.tableausoftware.com\/static\/images\/RedfinMonthlyStats-RedfinDashboard_rss.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Redfin: Sales, Prices, &#038; Inventory All Slipping into Spring\"}]},{\"@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":"Redfin: Sales, Prices, & Inventory All Slipping into Spring \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\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/","twitter_card":"summary_large_image","twitter_title":"Redfin: Sales, Prices, & Inventory All Slipping into Spring \u2022 Seattle Bubble","twitter_description":"Full disclosure: The Tim is employed by Redfin. Last Friday Redfin released their March market data. Here&#8217;s an excerpt from the narrative (which I also wrote): Spring has officially sprung. Spring\u2013when flowers bloom, birds chirp, the sun makes an occasional appearance through brief windows in Seattle&#8217;s perpetually grey winter sky, and the real estate market...","twitter_image":"http:\/\/public.tableausoftware.com\/static\/images\/RedfinMonthlyStats-RedfinDashboard_rss.png","twitter_creator":"@The_Tim","twitter_site":"@SeattleBubble","twitter_misc":{"Written by":"The Tim","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/","url":"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/","name":"Redfin: Sales, Prices, & Inventory All Slipping into Spring \u2022 Seattle Bubble","isPartOf":{"@id":"https:\/\/seattlebubble.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/#primaryimage"},"image":{"@id":"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/#primaryimage"},"thumbnailUrl":"http:\/\/public.tableausoftware.com\/static\/images\/RedfinMonthlyStats-RedfinDashboard_rss.png","datePublished":"2011-04-20T17:00:34+00:00","dateModified":"2011-04-20T18:41:45+00:00","author":{"@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f"},"breadcrumb":{"@id":"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/#primaryimage","url":"http:\/\/public.tableausoftware.com\/static\/images\/RedfinMonthlyStats-RedfinDashboard_rss.png","contentUrl":"http:\/\/public.tableausoftware.com\/static\/images\/RedfinMonthlyStats-RedfinDashboard_rss.png"},{"@type":"BreadcrumbList","@id":"https:\/\/seattlebubble.com\/blog\/2011\/04\/20\/redfin-sales-prices-inventory-all-slipping-into-spring\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/seattlebubble.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Redfin: Sales, Prices, &#038; Inventory All Slipping into Spring"}]},{"@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\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6wh0F-3ZW","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts\/15372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/comments?post=15372"}],"version-history":[{"count":0,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts\/15372\/revisions"}],"wp:attachment":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/media?parent=15372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/categories?post=15372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/tags?post=15372"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/coauthors?post=15372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}