{"id":26424,"date":"2013-05-06T13:35:53","date_gmt":"2013-05-06T20:35:53","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=26424"},"modified":"2013-05-06T16:21:15","modified_gmt":"2013-05-06T23:21:15","slug":"nwmls-inventory-inched-up-in-april","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2013\/05\/06\/nwmls-inventory-inched-up-in-april\/","title":{"rendered":"NWMLS: Inventory Inched Up in April"},"content":{"rendered":"

March market stats were published by the NWMLS this morning. Here’s a snippet from their press release: Multiple offers are "the new normal" for housing market around Puget Sound<\/a>.<\/p>\n

\u201cMultiple offers have become the new normal,\u201d remarked MLS director Diedre Haines, the Snohomish County regional managing broker at Coldwell Banker Bain. \u201cWe have literally gone off the charts in absorption,\u201d she stated, adding the dip in pending sales in that county \u201cis all due to lack of inventory.\u201d<\/p>\n

Haines also reported low appraisals remain a problem as appraisers struggle to keep up with the fast paced activity and increasing values.<\/p><\/blockquote>\n

I love the twisted thinking that “low appraisals” are “a problem.” Isn’t the whole point of an appraisal to protect the bank from overlending on a property? Perhaps the “problem” isn’t low appraisals but over-zealous buyers willing to pay too much.<\/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