{"id":27506,"date":"2013-10-14T12:00:18","date_gmt":"2013-10-14T19:00:18","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=27506"},"modified":"2013-10-14T14:00:05","modified_gmt":"2013-10-14T21:00:05","slug":"listing-growth-2013-largest-since-2007","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2013\/10\/14\/listing-growth-2013-largest-since-2007\/","title":{"rendered":"Listing Growth in 2013 Largest Since 2007"},"content":{"rendered":"<p>Let&#8217;s have a look at how listings are doing over the last few months.<\/p>\n<p>First up, here&#8217;s a view of how inventory has grown so far this year:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/10\/Listings-Inventory-Growth_2013-09.png\" title=\"On-Market Inventory Growth: 2000-2013\" rel=\"lightbox[27506]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/10\/Listings-Inventory-Growth_2013-09-600x363.png\" style=\"border: 0;\" title=\"On-Market Inventory Growth: 2000-2013 - Click to enlarge\" alt=\"On-Market Inventory Growth: 2000-2013\" width=\"600\" height=\"363\" \/><\/a><\/p>\n<p>Since 2013 started at a record-low level of homes on the market, inventory growth this year has been the largest since 2007, and the third-largest of any year since 2000 (the oldest data I have available).<\/p>\n<p>Next, the last three months&#8217; worth of new listings, comparing 2013 to every year I&#8217;ve got data for.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/10\/Listings-New-3-Month_2013-09.png\" title=\"Total New Listings: June-August 2000-Present\" rel=\"lightbox[27506]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/10\/Listings-New-3-Month_2013-09-600x363.png\" style=\"border: 0;\" title=\"Total New Listings: July-September 2000-Present - Click to enlarge\" alt=\"Total New Listings: July-September 2000-Present\" width=\"600\" height=\"363\" \/><\/a><\/p>\n<p>July through September 2013 saw more new listings than the same period in 2012, 2011, and 2010.  This year&#8217;s third quarter level was about 27 percent below the pre-bubble average for new third quarter listings between 2000 and 2003.<\/p>\n<p>The next chart shows the difference between the number of new listings each month and the number of pending sales.  Prior to late 2011 this number was almost always positive, except in December, when very few new listings hit the market.  From October 2011 through March 2013 this measure was negative, indicating very tight inventory.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/10\/Listings-New-Less-Pending_2013-09.png\" title=\"New Listings Less Pending Sales 2000-Present\" rel=\"lightbox[27506]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/10\/Listings-New-Less-Pending_2013-09-600x364.png\" style=\"border: 0;\" title=\"New Listings Less Pending Sales 2000-Present - Click to enlarge\" alt=\"New Listings Less Pending Sales 2000-Present\" width=\"600\" height=\"364\" \/><\/a><\/p>\n<p>This measure remains in positive territory, but the level has been slowly dropping off over the last few months.<\/p>\n<p>Finally, let&#8217;s take a look at the &#8220;stale listings&#8221; measure, which uses the total listings, new listings, and pending sales counts to estimate how many listings are &#8220;carried over&#8221; from one month to the next.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/10\/Listings-Stale_2013-09.png\" title=\"Stale Listings 2000-Present\" rel=\"lightbox[27506]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/10\/Listings-Stale_2013-09-600x364.png\" style=\"border: 0;\" title=\"Stale Listings 2000-Present - Click to enlarge\" alt=\"Stale Listings 2000-Present\" width=\"600\" height=\"364\" \/><\/a><\/p>\n<p>More good news for buyers, as this measure continues to rapidly increase.<\/p>\n<p>Listings continue to climb out of the late 2012 \/ early 2013 pit, slowly but surely.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s have a look at how listings are doing over the last few months. First up, here&#8217;s a view of how inventory has grown so far this year: Since 2013 started at a record-low level of homes on the market, inventory growth this year has been the largest since 2007, and the third-largest of any&#8230;<\/p>\n","protected":false},"author":2,"featured_media":27509,"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: Listing Growth in 2013 Largest Since 2007 http:\/\/wp.me\/pe2Bv-79E","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":[8,616],"tags":[566,739,481],"coauthors":[],"class_list":["post-27506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-listings","tag-new-listings","tag-stale-listings"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Listing Growth in 2013 Largest Since 2007 \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\/10\/14\/listing-growth-2013-largest-since-2007\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Listing Growth in 2013 Largest Since 2007 \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#8217;s have a look at how listings are doing over the last few months. 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