Just five years since 2000 have seen homes hit the market this season than we watched. It would be intriguing to see if there are any attributes common among lots of the homes which are hitting the market today.
That’s happening right now, so it’s going to be interesting to see if this trend continues through the rest of 2018.
Here ’s a comprehensive look at monthly new listings since January 2000:
The article New record absorption drops into a seven-year low appeared initially on Seattle Bubble.
First up, here’s a chart of record absorption. This is an easy look at the ratio of sales to new listings. This ratio goes above 100 percent, which is not good for buyers if houses are moving pending within a month than you will find being listed.
Next, here’s a yearly comparison of the number of listings only in the month of May:
It s a signal that is promising, although I ’ m not calling a big turn in the industry just yet. We’ll see the remainder of the year shakes out.
Keep in mind the data that is pre-2008 isn’t directly comparable, since in July 2008 the NWMLS altered how they define “ impending sale ” to add greater earnings.
The increase in listings is that the first intriguing development we’ve noticed from the property market in months, so here are a couple alternative.
Last December was an all-time low for on-market inventory, therefore it s not surprising that that stock is on the increase, this year put the record for the greatest percent gain between December and May. Still however, it s a good indication for buyers that aid might be round the corner.
Interestingly, the rate was at its all-time highest level last December in 162 percent. The absorption rate typically reaches its lowest stage of this entire year in July or June, so seeing it fall this low this is highly uncommon.