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December predictions

AlanAlan
edited January 2008 in Seattle Real Estate
Last September I predicted a December low of 9250 for SFH inventory in KC.

http://seattlebubble.com/forum/viewtopic.php?t=659

We are currently at 9200. Anyone want to make a guess on how much further it will fall in the next 11 days?

Comments

  • MarkorMarkor
    Good call! Wouldn't most everyone who was going to delist for the holidays have done so already? And nothing's selling. Right after the first of the year inventory should start to climb. To where, I don't have a clue.
  • deejayohdeejayoh
    I think it will fall a lot. Realtors often pull and relist in the new year. I know the rules have tightened up a bit, but old habits die hard. Typically inventory falls ~20% between November and December.

    My guess is that we see something close to 8,000 by the end of the month - and I think that is more likely to be high than low. Even that would be over 40% higher than last year.
  • deeplennondeeplennon
    deejayoh wrote:
    My guess is that we see something close to 8,000 by the end of the month - and I think that is more likely to be high than low. Even that would be over 40% higher than last year.
    If the last 7 years of MLS #'s is any indication 8000 should be right on the money...
  • AlanAlan
    Close to 8000 it was.
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