{"id":18048,"date":"2011-12-05T16:41:01","date_gmt":"2011-12-06T00:41:01","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=18048"},"modified":"2011-12-05T16:41:01","modified_gmt":"2011-12-06T00:41:01","slug":"nwmls-median-price-still-down-double-digits-from-2010","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2011\/12\/05\/nwmls-median-price-still-down-double-digits-from-2010\/","title":{"rendered":"NWMLS: Median Price Still Down Double Digits from 2010"},"content":{"rendered":"

November market stats were published by the NWMLS this afternoon. Here’s their press release: Home sales outpace number of new listings for first time in five years<\/a><\/p>\n

Last month’s total number of mutually accepted offers was 22.4 percent higher than the same month a year ago. It also marked the first month since December 2006 that the number of pending sales surpassed the number of new listings (6,043), prompting discussions of possible inventory shortages.<\/p><\/blockquote>\n

Considering the fact that the NWMLS changed their definition of what counts as a “pending sale” in July 2008 to inflate the numbers (details here<\/a>), I fail to see how this is a headline-worthy acheivement.<\/p>\n

Meanwhile, prices ticked up 0.5% from October to November, so the bottom must be in! …right?<\/p>\n

\"King<\/a><\/p>\n

Okay, on with the stats!<\/p>\n

\n
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