{"id":24936,"date":"2012-12-05T13:43:48","date_gmt":"2012-12-05T21:43:48","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=24936"},"modified":"2012-12-05T13:43:48","modified_gmt":"2012-12-05T21:43:48","slug":"nwmls-inventory-hit-another-new-low-in-november","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2012\/12\/05\/nwmls-inventory-hit-another-new-low-in-november\/","title":{"rendered":"NWMLS: Inventory Hit Another New Low in November"},"content":{"rendered":"

November market stats were published by the NWMLS this morning. Here’s what they have to say about their numbers: High demand, low inventory sparking multiple offers, market momentum<\/a>.<\/p>\n

“There continues to be extremely low inventory levels and high buyer demand which is causing multiple offers in many local areas,” reported OB Jacobi, president of Windermere Real Estate. He also noted a “definite uptick” in the number of cash buyers, “many of which are investors.”<\/p>\n

Commenting on the expected dip in activity, Jacobi, a member of the Northwest MLS board of directors, said it “was less than we usually experience during this time of year.” Based on the current combination of sparse inventory and high buyer demand, Jacobi said those who are considering selling are encouraged to “list their homes sooner rather than later” in order to take advantage of unique market conditions.<\/p><\/blockquote>\n

Unfortunately, many would-be sellers are still “uniquely” low on equity.<\/p>\n

All righty, on with our usual monthly 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