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Inventory up another 2% this week, asking price drops

deejayohdeejayoh
edited May 2007 in Seattle Real Estate
I don't put a lot of stock in median asking price (either median OR asking) but it is interesting that its down this week.

Even more interesting, inventory for King/Pierce/Snoho county is up another 2.1% this week (versus last week)

I am sure others will point out that we are not at "historical highs" for inventory but the trend is getting pretty pronounced. We are at a high for the cycle and still growing at an annualized rate of 294% (1.021^52)

housingtrackernetweeklybh8.jpg

Comments

  • EastSiderEastSider
    Almost a 3% increase in inventory, within just a week; a 12% increase with the past 30 days -- this summer is going to be very interesting :-)

    (BTW, I think that it's a little more than a 2.1% increase since last week. Last week the inventory was at 44.x%)
  • deejayohdeejayoh
    (BTW, I think that it's a little more than a 2.1% increase since last week. Last week the inventory was at 44.x%)

    I didn't do the math, I just took it off their front page. Said 2.1%. whatever it is, I agree that's a lot in a week.
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