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The post NWMLS: Home listing inventory skyrocketed in November as prices and sales both fell farther appeared initially on Seattle Bubble.

The Seattle Times hasn’t printed their narrative yet. I’ll update this article when they perform.
And here’s the NWMLS press launch: Home buyers have “window of chance ” with change to more balanced marketplace
Sales dropped 12 percent between October and November. Last year over precisely the same period closed earnings dropped nine per cent.

November 2017: $630,750
July 2007: $481,000 (preceding cycle high)

Get access to the full spreadsheets used to make the graphs in this and other posts, as well as a variety of further insider benefits by becoming a member of Seattle Bubble.
This ’s the chart of listings:
The surge in active stock has compelled me to adjust the. We’ve hit new all time records each of the previous four months.
S get directly to the data.
Here’s your closed revenue comparison chart:
This ’s the supply/demand YOY chart. “Demand” in this chart is represented by closed earnings, which have had a consistent definition during the decade (unlike pending sales from NWMLS).

Here’s the median house price YOY change graph:
This ’s the graph of stock with every year overlaid on the chart.

This morning, the NWMLS published november market stats. Home prices slipped to their lowest level and inventory is falling seasonally but reach its highest November degree since 2011. Both closed and pending sales continued to slip from last year. November’s record growth was an all-time album at a 114 percent.

New listings lasted the typical seasonal decrease month-over-month and were up three per cent from one year ago.

Here’s your King County SFH outline, together with the arrows to show whether the year-over-year management of each indicator is favorable or unfavorable information for buyers and sellers (green = favorable, red = unfavorable):

Year-over-year home cost changes edged down again to November.

Inventory was up 114 percent, and fell 18 percent from October to November. We moved to some seven-year high in 2018 per year ago from the lowest November stock that was all time.
And lastly, here is your chart comparing King County SFH prices each month for every year back to 1994 (not corrected for inflation).

Pending sales were down 16 percent from October to November, and were down 13 percent .

NWMLS monthly reports include an undisclosed and varying number of
earnings from previous months in their pending and closed sales figures.