{"id":6779,"date":"2009-08-11T07:24:27","date_gmt":"2009-08-11T14:24:27","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=6779"},"modified":"2009-08-11T07:24:27","modified_gmt":"2009-08-11T14:24:27","slug":"another-look-at-recent-pending-and-closed-sales","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/08\/11\/another-look-at-recent-pending-and-closed-sales\/","title":{"rendered":"Another Look at Recent Pending and Closed Sales"},"content":{"rendered":"

Here’s a belated look at the quarterly total sales chart, updated to include Q2:<\/p>\n

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

Still came in lower than any previous quarter—about 15% lower than last year. So far this quarter is off to a stronger start, with July sales coming in 11% higher<\/em> than last year. It will be interesting to see if that holds for August and September.<\/p>\n

Next, here’s another look at the monthly pending and closed sales chart, only this time I have split the pending sales onto separate vertical and horizontal axis to demonstrate the apparent two-month lag that has shown up in the data this year:<\/p>\n

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

It used to be (from 2000-2007) that a given month’s closed sales were (on average) about 95% of the previous month’s pending sales. So far this year the relationship has been closer to a given month’s closed sales coming in at 78% of the total pending sales from two months prior.<\/p>\n

Here’s one more chart, with pending sales, closed sales, and a plot of pending sales * 78%, shifted two months into the future:<\/p>\n

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

If this relationship holds for August, it looks like we’ll see about 1,900 closed sales.<\/p>\n","protected":false},"excerpt":{"rendered":"

Here’s a belated look at the quarterly total sales chart, updated to include Q2: Still came in lower than any previous quarter—about 15% lower than last year. So far this quarter is off to a stronger start, with July sales coming in 11% higher than last year. It will be interesting to see if that…<\/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":[387,6,386,200],"coauthors":[],"class_list":["post-6779","post","type-post","status-publish","format-standard","hentry","category-stats","tag-closed","tag-nwmls","tag-pending","tag-statistics"],"yoast_head":"\nAnother Look at Recent Pending and Closed Sales \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\/08\/11\/another-look-at-recent-pending-and-closed-sales\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Another Look at Recent Pending and Closed Sales \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Here’s a belated look at the quarterly total sales chart, updated to include Q2: Still came in lower than any previous quarter—about 15% lower than last year. 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