{"id":26127,"date":"2013-04-04T13:11:15","date_gmt":"2013-04-04T20:11:15","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=26127"},"modified":"2013-04-05T10:15:25","modified_gmt":"2013-04-05T17:15:25","slug":"nwmls-sales-unfazed-by-still-scarce-inventory","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2013\/04\/04\/nwmls-sales-unfazed-by-still-scarce-inventory\/","title":{"rendered":"NWMLS: Sales Unfazed by Still-Scarce Inventory"},"content":{"rendered":"

March market stats were published by the NWMLS this morning. Here’s a snippet from their press release: Prices "spiking" as home buyers compete for scarce inventory<\/a>.<\/p>\n

“All price ranges are feeling a lift,” reported Dick Beeson, principal managing broker at RE\/MAX Professionals in Tacoma. Northwest MLS director John Deely echoed that comment: “We are seeing many homes in Seattle meet and exceed pre-bubble price levels,” stated Deely, the principal managing broker at Coldwell Banker Bain in Seattle.<\/p>\n

“The recovery continues on a slow and steady pace in most areas and surging hard in others,” concluded Darin Stenvers, vice chair of the MLS board.<\/p><\/blockquote>\n

I think it’s a mischaracterization to say that prices are “spiking.” I get into the reasons for this a little more below. I’m also having a hard time rectifying the “spiking” headline with the “slow and steady” comment from Mr. Stenvers. Whatever.<\/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