{"id":30263,"date":"2015-02-12T12:00:03","date_gmt":"2015-02-12T20:00:03","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=30263"},"modified":"2015-02-12T12:35:20","modified_gmt":"2015-02-12T20:35:20","slug":"one-six-q4-pending-sales-didnt-close","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2015\/02\/12\/one-six-q4-pending-sales-didnt-close\/","title":{"rendered":"One in Six Q4 Pending Sales Didn’t Close"},"content":{"rendered":"

Let’s take a look a the latest data on pending sales volume versus closed sales volume.<\/p>\n

For this series I roll the pending sales and closed sales data up by quarter, with pending sales offset by one month. In other words, the fourth quarter numbers below represent pending sales from September, October, and November and closed sales from October, November, and December.<\/p>\n

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

As of the fourth quarter, just over one in six pending sales (17.5 percent) failed to ever show up in the closed sales numbers.<\/p>\n

This number is continuing to move closer to zero, hitting its lowest level since early 2008. The only quarter that has seen pending and closed numbers closer together was Q3 of 2013, when the difference hit 17.2 percent.<\/p>\n

As hot as the market is right now, it’s surprising to still see one in six pending sales fail to close in King County. My current theory is that it’s the result of buyers who jump in quickly to win a bidding war but then back out during the inspection or financing period.<\/p>\n","protected":false},"excerpt":{"rendered":"

Let’s take a look a the latest data on pending sales volume versus closed sales volume. For this series I roll the pending sales and closed sales data up by quarter, with pending sales offset by one month. In other words, the fourth quarter numbers below represent pending sales from September, October, and November and…<\/p>\n","protected":false},"author":2,"featured_media":30272,"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: One in Six Q4 Pending Sales Didn't Close http:\/\/wp.me\/pe2Bv-7S7","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":[387,222,6,386,254,200],"coauthors":[],"class_list":["post-30263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-closed","tag-graphs","tag-nwmls","tag-pending","tag-sales","tag-statistics"],"yoast_head":"\nOne in Six Q4 Pending Sales Didn't Close \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\/2015\/02\/12\/one-six-q4-pending-sales-didnt-close\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"One in Six Q4 Pending Sales Didn't Close \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let’s take a look a the latest data on pending sales volume versus closed sales volume. 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His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. 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