New listings lasted the usual decline month-over-month and have been up three per cent from one year ago.
NWMLS monthly reports incorporate a undisclosed and varying amount of
earnings from prior months in their pending and closed sales figures.
Inventory dropped 18 percent to November in October, and grew up 114 percent. We moved to some seven-year high in 2018 per year back from the lowest November stock.
The spike in active inventory has compelled me to adjust the. We’ve hit new all-time records all the last four weeks.
Here’s the supply/demand YOY chart. “Demand” in this graph is represented by closed earnings, which have had a consistent definition during the decades (unlike pending sales from NWMLS).
Sales fell 12 percent between October and November. Last year over precisely the same period closed earnings dropped nine per cent. Year-over-year closed sales were down 19 percent.
Their story was printed by the Seattle Times hasn ’ t . I’ll update this post if they perform.
The post NWMLS: Home listing inventory skyrocketed in November as sales and prices fell farther appeared initially on Seattle Bubble.
Here’s inventory with every year overlaid on the chart’s graph.
Here’s your King County SFH summary, together with all the arrows to show whether the year-over-year management of each index is positive or adverse news for buyers and sellers (green = favorable, red = negative ):
Pending sales were down 16 per cent in October to Novemberand so were down 13 percent .
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Here’s the home cost YOY change graph:
Here’s your closed sales comparison chart:
Update: Here’s the story from the Seattle Times: Seattle-area home prices drop again, with 6-month decrease among biggest ever
This particular morning the NWMLS printed november market stats. Home prices slipped to their lowest level and inventory is declining but hit its highest November level since 2011. Both closed and the pending sales continued to slip from last year. November’s listing growth was an all-time album in a 114 percentage.
November 2018: $643,913
The NWMLS press release hasn’t come out yet, so let’s get right into the information.
Get access to the complete spreadsheets used to produce the graphs within this and other posts, in addition to a selection of further insider benefits by becoming a member of Seattle Bubble.
And finally, here is the graph comparing King County SFH prices every month for every year back to 1994 (not corrected for inflation).
And here’s the NWMLS press release: Home buyers have “window of opportunity” with change to more balanced market
Year-over-year home cost changes edged to November, to its lowest level since August 2014.
Here’s fresh listings’ chart: