{"id":16713,"date":"2011-08-22T13:51:30","date_gmt":"2011-08-22T20:51:30","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=16713"},"modified":"2011-08-22T13:51:30","modified_gmt":"2011-08-22T20:51:30","slug":"redfin-summer-not-so-hot-for-local-real-estate","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2011\/08\/22\/redfin-summer-not-so-hot-for-local-real-estate\/","title":{"rendered":"Redfin: Summer Not so Hot for Local Real Estate"},"content":{"rendered":"

Full disclosure: The Tim is employed by Redfin<\/a>.<\/span><\/p>\n

Last Friday Redfin released their July market data<\/a>. Here’s an excerpt from the narrative (which I did not write this month)<\/em>:<\/p>\n

Redfin Capitol Hill Team Lead agent Allie Howard<\/a> says: “I give the summer of 2011 an “F” for frustration! Sellers are frustrated as prices of comparable homes remain low and many cannot afford to sell at current price levels. Those sellers who must move on are opting to rent their homes until the market recovers. Buyers are frustrated as well due to the lack of available inventory. When something desirable appears on market, they find themselves competing against other buyers for the better homes. It may still be a ‘buyer’s market,’ but you have to be fast to reel in the winners.”<\/p><\/blockquote>\n

Here’s this month’s sweet Google Fusion Tables zip code heat map. You can zoom in\/out, and click on a zip code to get the detailed July numbers for that region.<\/p>\n

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