{"id":25971,"date":"2013-03-21T08:19:45","date_gmt":"2013-03-21T15:19:45","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=25971"},"modified":"2013-03-21T08:19:45","modified_gmt":"2013-03-21T15:19:45","slug":"pending-fast","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2013\/03\/21\/pending-fast\/","title":{"rendered":"Nearly Half of New Listings Pending in Two Weeks"},"content":{"rendered":"

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

Redfin released February housing market data last week<\/a>, so let’s take a look at the rate at which new listings are going under contract in two weeks or less in the Seattle area, compared to San Francisco and the national rate:<\/p>\n

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

I was concerned when this number shot up to over 36% back in October<\/a>. 46% is just crazy. We’re just two months behind San Francisco.<\/p>\n

Here’s a plot of this metric next to total inventory for the Seattle area:<\/p>\n

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

In November I said:<\/p>\n

If inventory doesn’t pick up early next year I could easily see the percentage of new listings that go pendong in two weeks or less moving up over 50% in Seattle, which would definitely not be a fun market for buyers.<\/p><\/blockquote>\n

Unfortunately it is looking more and more likely that I am going to be right.<\/p>\n","protected":false},"excerpt":{"rendered":"

Full disclosure: The Tim is employed by Redfin. Redfin released February housing market data last week, so let’s take a look at the rate at which new listings are going under contract in two weeks or less in the Seattle area, compared to San Francisco and the national rate: I was concerned when this number…<\/p>\n","protected":false},"author":2,"featured_media":25973,"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":"On the blog: Nearly Half of New Listings Pending in Two Weeks http:\/\/wp.me\/pe2Bv-6KT","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[206,8],"tags":[882,386,82],"coauthors":[],"class_list":["post-25971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-features","category-stats","tag-fast-offers","tag-pending","tag-redfin"],"yoast_head":"\nNearly Half of New Listings Pending in Two Weeks \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\/2013\/03\/21\/pending-fast\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Nearly Half of New Listings Pending in Two Weeks \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Full disclosure: The Tim is employed by Redfin. 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