{"id":16971,"date":"2011-09-13T10:00:13","date_gmt":"2011-09-13T17:00:13","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=16971"},"modified":"2011-09-13T09:07:37","modified_gmt":"2011-09-13T16:07:37","slug":"august-stats-snapshot-2011-vs-normal","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2011\/09\/13\/august-stats-snapshot-2011-vs-normal\/","title":{"rendered":"August Stats Snapshot: 2011 vs. &#8220;Normal&#8221;"},"content":{"rendered":"<p>I thought it might be interesting to take a look at the latest NWMLS data in a slightly different format than usual.  In the charts below I have plotted August 2011&#8217;s data on closed sales, pending sales, and inventory.  Next to that I have also plotted the average values for every August from 2000 through 2010, as well as the highest year and the lowest year for each stat.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2011\/09\/Stat-Snapshot-Raw_2011-08.png\" title=\"Stats Snapshot: King Co. SFH\" rel=\"lightbox[16971]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2011\/09\/Stat-Snapshot-Raw_2011-08-600x435.png\" style=\"border: 0;\" title=\"Stats Snapshot: King Co. SFH - Click to enlarge\" alt=\"Stats Snapshot: King Co. SFH\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>Closed sales last month came in pretty far below the average (25%), and while pending sales were close to the average, keep in mind that the NWMLS is using a much broader definition of &#8220;pending&#8221; than they did between 2000 and 2007.  Meanwhile inventory is actually <em>lower<\/em> than average, which was a little surprising to me since just a couple of years ago we hit the all-time high point.<\/p>\n<p>Here&#8217;s a look at the month-over-month trends for the three series.  Since real estate is typically highly seasonal, you usually expect to see roughly the same changes from a given month to the next each year.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2011\/09\/Stat-Snapshot-MoM_2011-08.png\" title=\"Stats Snapshot: King Co. SFH\" rel=\"lightbox[16971]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2011\/09\/Stat-Snapshot-MoM_2011-08-600x435.png\" style=\"border: 0;\" title=\"Stats Snapshot: King Co. SFH - Click to enlarge\" alt=\"Stats Snapshot: King Co. SFH\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>Closed sales are the biggest standout here, coming in significantly stronger than the average.  I suspect that most of this bump is the result of people in a mini-rush to get interest rates in the 4.5% range, and next month we&#8217;ll probably see this number come in <em>below<\/em> the average.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I thought it might be interesting to take a look at the latest NWMLS data in a slightly different format than usual. In the charts below I have plotted August 2011&#8217;s data on closed sales, pending sales, and inventory. Next to that I have also plotted the average values for every August from 2000 through&#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":[8,616],"tags":[58,6,807],"coauthors":[],"class_list":["post-16971","post","type-post","status-publish","format-standard","hentry","category-stats","category-counties","tag-king_county","tag-nwmls","tag-stats-snapshot"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>August Stats Snapshot: 2011 vs. &quot;Normal&quot; \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\/09\/13\/august-stats-snapshot-2011-vs-normal\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"August Stats Snapshot: 2011 vs. &quot;Normal&quot; \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"I thought it might be interesting to take a look at the latest NWMLS data in a slightly different format than usual. 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