{"id":434,"date":"2006-11-06T12:29:00","date_gmt":"2006-11-06T19:29:00","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=434"},"modified":"2006-11-06T12:29:00","modified_gmt":"2006-11-06T19:29:00","slug":"inventory-eases-very-slightly-in-october","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2006\/11\/06\/inventory-eases-very-slightly-in-october\/","title":{"rendered":"Inventory Eases (Very) Slightly In October"},"content":{"rendered":"

The NWMLS has posted October statistics<\/a>. Although residential (excludes condo) inventory did indeed follow its usual October downward course, the decrease of less than 1% of listings was the smallest since at least 2000 (I don’t have reliable inventory statistics further back). The YOY increase in inventory stands at almost 31%—a new record—while the YOY decrease in pending sales eased to 10% (from 20% last month).<\/p>\n

The statistic that I find most bizarre is the median price of closed residential sales, which increased<\/i> $15k (3.5%) from last month. The median price has only increased by more than 3% from September to October one other time since 1993—in 1995.<\/p>\n

Anyone out there care to venture a guess as to what the heck is going on? Have home buyers in King County all gone 100% mad? What could possibly have driven prices up another $15,000 in one month?<\/p>\n

\"King<\/a>
Click to enlarge<\/a><\/div>\n

P.S. – <\/b>The Seattle Bubble Spreadsheet<\/a> has been updated.<\/span><\/p>\n

\n
Seattle Bubble Tip Jar<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The NWMLS has posted October statistics. Although residential (excludes condo) inventory did indeed follow its usual October downward course, the decrease of less than 1% of listings was the smallest since at least 2000 (I don’t have reliable inventory statistics further back). The YOY increase in inventory stands at almost 31%—a new record—while the YOY…<\/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":[],"tags":[6,1114],"coauthors":[],"class_list":["post-434","post","type-post","status-publish","format-standard","hentry","tag-nwmls","tag-stats"],"yoast_head":"\nInventory Eases (Very) Slightly In October \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\/2006\/11\/06\/inventory-eases-very-slightly-in-october\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Inventory Eases (Very) Slightly In October \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"The NWMLS has posted October statistics. 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