New listings were down 22% from May to Juneand were down 11% from one year ago. This ’s a bit about for those of us who have been hoping to see a continuing expansion of distribution.
This ’s the median house price YOY change graph:
The NWMLS hasn’t published their media release however, so let’s get directly into the numbers.
The post NWMLS: House sales and prices stagnated in June appeared initially on Seattle Bubble.
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So there’s no story posted yet on the June info from the Seattle Times. I’ll update this post when their story goes upward.
It seems that the $700,000 seems to be a tiny price ceiling at the moment for King County single-family houses.
Closed sales rose just 3 percent between May and Juneand were down 1 percent from this past year. Closed sales have been in a fairly tight range between approximately 2,400 and 2,900 at June every year since 2013, also this season fell right in the middle of the range in 2,718.
And finally, here is your chart comparing King County SFH costs each month for every year back to 1994 (not corrected for inflation).
Five articles in one moment! This has to be some sort of record.
NWMLS monthly reports incorporate a undisclosed and varying amount of
sales from preceding months in their pending and closed sales statistics.
This ’s the graph of stock with each year overlaid on precisely exactly the same chart.
Here’s your King County SFH summary, with all the arrows to reveal whether the year-over-year management of each indicator is favorable or unfavorable news for buyers and sellers (green favorable, red = unfavorable):
The good news is that after the exorbitant drop-off since December, we’re still at a higher stage than every other time following mid-2008.
This ’s the graph of new listings:
This ’s your closed sales yearly comparison chart:
Update: Here’s their narrative, by Paul Roberts: June real-estate numbers tell a now-familiar narrative: Seattle is shedding buyers to Tacomaalong with other outlying spots
Pending sales fell 7 per cent month-over-month but were up 6 per cent year-over-year. In exactly the identical time last year, pending earnings were down 10 per cent month-over-month.
This ’s the supply/demand YOY chart. “Demand” inside this graph is represented by closed sales, which have had a consistent definition throughout the decades (unlike impending earnings from NWMLS).
The NWMLS simply updated their June stats, therefore allow ’s take a look at the way the month shook out to the housing market. Inventory was up in the year back, but the we mentioned in the trailer post before this morning, the rate of increase is rapidly falling from the all-time large set in December. Closed sales were down a bit from a year earlier, while dispersing earnings were up marginally.
Inventory was up only 2.5% from May to June, which is much smaller than the double-digit gains we have seen over exactly the identical period during the past 3 decades. June of this past year saw a 28 percentage month-over-month profit. That said, this month’s inventory amount remains the highest we’ve found at the end of June since 2012. Overall, the supply situation is still a marginally great indication for buyers.