{"id":30361,"date":"2015-03-06T11:01:19","date_gmt":"2015-03-06T19:01:19","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=30361"},"modified":"2015-03-09T10:15:10","modified_gmt":"2015-03-09T17:15:10","slug":"nwmls-sales-and-listings-both-inched-up-in-february","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2015\/03\/06\/nwmls-sales-and-listings-both-inched-up-in-february\/","title":{"rendered":"NWMLS: Sales and Listings Both Inched Up in February"},"content":{"rendered":"

February market stats were published by the NWMLS yesterday. Before we get into our monthly stats, let’s have a look at their press release<\/a>.<\/p>\n

Early Spring Brings Bumper Crop of Homebuyers Who Face Inventory Drought<\/strong><\/p>\n

Favorable weather and restored confidence are propelling home buying activity around Western Washington to the highest level in nearly a decade, according to Northwest Multiple Listing Service sources.<\/p>\n

“The pent-up demand being unleashed has rocketed pending sales back to the levels of our record year in 2006,” said Ken Anderson, president\/designated broker at Coldwell Banker Evergreen Olympic Realty in Tumwater. Buyers have come off the sidelines, the former MLS director commented, adding “At the same time, homes for sale are near a 10-year low.”<\/p><\/blockquote>\n

The language in these releases is getting more and more over-the-top and reminiscent of the kind of thing we used to see 2005-2007. Describing sales as “rocketing” reminds me of the 2006 classic “last spaceship flight off a planet that’s about to explode.<\/a>”<\/p>\n

<\/p>\n

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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