{"id":910,"date":"2007-07-05T12:01:52","date_gmt":"2007-07-05T19:01:52","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/2007\/07\/05\/like-a-broken-record-listings-way-up-sales-slightly-down\/"},"modified":"2007-07-10T12:27:30","modified_gmt":"2007-07-10T19:27:30","slug":"like-a-broken-record-listings-way-up-sales-slightly-down","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2007\/07\/05\/like-a-broken-record-listings-way-up-sales-slightly-down\/","title":{"rendered":"Like a Broken Record: Listings Way Up, Sales Slightly Down"},"content":{"rendered":"

The ever-progressive NWMLS has finished compiling June statistics. The recap sheet does not appear to be available just yet<\/del>, but thanks to my source “on the inside,” I have obtained the pertinent information. I will update this post when the publicly-available recap sheet is posted. [Edit: Here it is<\/a>.]<\/em><\/p>\n

Here’s your King County SFH summary:<\/p>\n

June 2007<\/u>
\nActive Listings: up 46%<\/strong> YOY
\nPending Sales: down 11% YOY
\nMedian Closed Price: $470,000, up 8% YOY<\/p><\/blockquote>\n

June makes the 19th of the past 20 months to register yet another YOY decrease in pending sales. Inventory yet again shattered the all-time high YOY increase record (set just last month<\/a> at 44%). As predicted in last month’s report<\/a>, and discussed on the forums<\/a>, June’s SFH inventory set a new post-2000 confirmed record, landing in at 9,458 according to the NWMLS. The previous post-2000 high was 9,176 in September 2002.<\/p>\n

Median prices rose a whopping $1,000 from last month, for a 8.1% YOY increase, while months of supply bumped up a relatively large half a point to 3.50, its highest spring\/summer level since 2002.<\/p>\n

As is the custom, I have uploaded an updated copy of the Seattle Bubble Spreadsheet<\/a> that contains the relevant data.<\/p>\n

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

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

Looks like I might have to adjust that vertical axis soon…<\/p>\n

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

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

Update:<\/strong> Here are a few links to the local news write-ups.<\/p>\n

Elizabeth Rhodes, Seattle Times: Condos hot while overall area housing market cools<\/a>
\nAubrey Cohen, Seattle P-I: Record number of homes for sale in June<\/a>
\nDevona Wells, Tacoma News-Tribune: Pierce County home sales slow to a crawl<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The ever-progressive NWMLS has finished compiling June statistics. The recap sheet does not appear to be available just yet, but thanks to my source “on the inside,” I have obtained the pertinent information. I will update this post when the publicly-available recap sheet is posted. [Edit: Here it is.] Here’s your King County SFH summary:…<\/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":[129,6,1114],"coauthors":[],"class_list":["post-910","post","type-post","status-publish","format-standard","hentry","tag-inventory","tag-nwmls","tag-stats"],"yoast_head":"\nLike a Broken Record: Listings Way Up, Sales Slightly Down \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\/2007\/07\/05\/like-a-broken-record-listings-way-up-sales-slightly-down\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Like a Broken Record: Listings Way Up, Sales Slightly Down \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"The ever-progressive NWMLS has finished compiling June statistics. 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