{"id":3877,"date":"2009-01-20T08:40:07","date_gmt":"2009-01-20T16:40:07","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=3877"},"modified":"2009-04-24T11:19:52","modified_gmt":"2009-04-24T18:19:52","slug":"fourth-quarter-sales-in-the-gutter-delistings-stable","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/01\/20\/fourth-quarter-sales-in-the-gutter-delistings-stable\/","title":{"rendered":"Fourth Quarter Sales in the Gutter, Delistings Stable"},"content":{"rendered":"<p>Let&#8217;s take a look at 2008&#8217;s fourth quarter closed sales volume for King County:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH Closed Sales per Quarter\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/01\/sales-per-quarter_2008_q4.png\" rel=\"lightbox[3877]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 1px solid #000000; margin: 5px;\" title=\"King County SFH Closed Sales per Quarter - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/01\/sales-per-quarter_2008_q4-600x435.png\" alt=\"King County SFH Closed Sales per Quarter\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>That&#8217;s a drop of 31% from 2007, and also 31% from the previous quarter.  The &#8220;usual&#8221; drop from Q3 to Q4 is 10-20%.  At this point, I really don&#8217;t think sales have much further to drop.  They&#8217;re practically as low as they can go.<\/p>\n<p>I think we&#8217;ll start to see sales pick up this year, <em>if<\/em> we start to see sellers get realistic with their pricing.  If not, we&#8217;ll probably stay here in the gutter throughout 2009.<\/p>\n<p>Also, here&#8217;s an update to the listings \/ sales breakdown chart for King County SFH.  For a full explanation of the data below, refer to <a href=\"http:\/\/seattlebubble.com\/blog\/2008\/02\/22\/what-happens-to-listings\/\" title=\"What Happens to Listings?\">this post<\/a>.  Be sure to check out the <a href=\"http:\/\/seattlebubble.com\/blog\/tag\/delisting\/\" title=\"tag: delisting\">delisting tag<\/a> for previous posts on this subject.<\/p>\n<p style=\"width: 600px; margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/01\/kc-sfh-listings_0701-0812.png\" title=\"King County SFH Listings Breakdown\" rel=\"lightbox[3877]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/01\/kc-sfh-listings_0701-0812-600x435.png\" style=\"border: 1px solid #000000; margin: 5px;\" title=\"King County SFH Listings Breakdown - Click to enlarge\" alt=\"King County SFH Listings Breakdown\" width=\"600\" height=\"435\"><\/a><\/p>\n<p>The year-to-year change in delistings stayed in the single digits for all of the fourth quarter, signaling that the delisting situation seems to have reached a plateau.  Hopefully this is an indication that wishy-washy sellers with unrealistic dream prices are no longer bothering to put their homes on the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s take a look at 2008&#8217;s fourth quarter closed sales volume for King County: That&#8217;s a drop of 31% from 2007, and also 31% from the previous quarter. The &#8220;usual&#8221; drop from Q3 to Q4 is 10-20%. At this point, I really don&#8217;t think sales have much further to drop. They&#8217;re practically as low as&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"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":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[448,129,6,231,254,481],"coauthors":[],"class_list":["post-3877","post","type-post","status-publish","format-standard","hentry","category-stats","tag-delisting","tag-inventory","tag-nwmls","tag-relisting","tag-sales","tag-stale-listings"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fourth Quarter Sales in the Gutter, Delistings Stable \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\/2009\/01\/20\/fourth-quarter-sales-in-the-gutter-delistings-stable\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Fourth Quarter Sales in the Gutter, Delistings Stable \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#8217;s take a look at 2008&#8217;s fourth quarter closed sales volume for King County: That&#8217;s a drop of 31% from 2007, and also 31% from the previous quarter. 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