{"id":751,"date":"2007-04-05T15:18:00","date_gmt":"2007-04-05T22:18:00","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=751"},"modified":"2007-04-05T15:18:00","modified_gmt":"2007-04-05T22:18:00","slug":"sound-familiar-sales-down-listings-up","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2007\/04\/05\/sound-familiar-sales-down-listings-up\/","title":{"rendered":"Sound Familiar? Sales Down, Listings Up."},"content":{"rendered":"

March numbers from the NWMLS are available, and I managed to get a bit of a break before I head back from Chicago, so here comes the data.<\/p>\n

March King County SFH summary:<\/p>\n

March 2007<\/u>
Active Listings: up 33% YOY
Pending Sales: down 11% YOY
Median Closed Price: $454,950, up 12% YOY<\/p>\n

After an unusual YOY increase in February, sales resumed their previous course of down, down, down. This was the second year in a row that March sales were down 11% YOY.<\/p>\n

If anyone tries to claim that this year is shaping up “just like any other year,” or that the sales data points any less toward a softening than it has in recent months, they are either in denial or mentally handicapped. Month-to-month inventory jumped 10.42% from February to March, a larger spike between those months than any other year since 2000 (pre-2000 data is not available). February to March sales were up just 14.11%, making this the smallest<\/i> increase between those months than any year since 2000.<\/p>\n

While months of supply is still relatively low, it has increased 49% since March last year, and days on market has increased 33%. Still-increasing median prices are pretty much the only thing that housing bulls have to be happy about.<\/p>\n

As is the custom, I have uploaded an updated copy of the Seattle Bubble Spreadsheet<\/a> that contains the relevant data. The recap NWMLS pdfs are not available yet, but here is the detailed King County data<\/a>.<\/p>\n

Here’s the supply\/demand YOY graph:<\/p>\n

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

Here’s the chart of supply and demand raw numbers:<\/p>\n

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

Here’s the graph of YOY percent change in the median sale prices of single-family homes in King County since 1994:<\/p>\n

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

You’ve got a little bit of a recovery last month, with “appreciation” increasing 3 points to 12%. We’ll see what happens the rest of the spring.<\/p>\n

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

March numbers from the NWMLS are available, and I managed to get a bit of a break before I head back from Chicago, so here comes the data. March King County SFH summary: March 2007Active Listings: up 33% YOYPending Sales: down 11% YOYMedian Closed Price: $454,950, up 12% YOY After an unusual YOY increase in…<\/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-751","post","type-post","status-publish","format-standard","hentry","tag-nwmls","tag-stats"],"yoast_head":"\nSound Familiar? 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