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The biggest news stays the rise in inventory, which will be up 256 percent from the all-time low that has been set back in December. If the current trend continues (a large “if”), it’s entirely possible that by the end of this year inventory will likely be at its greatest point since 2011.
Closed earnings fell seven per cent between July and June. Last year over exactly precisely the exact identical period closed earnings dropped six per cent. Year-over-year closed sales were down six percent.
And finally, here is your chart comparing King County SFH costs every month for each year back to 1994 (not adjusted for inflation).
This ’s new listings’ graph:

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July 2018 Number MOM YOY Buyers Sellers
Active Listings 4,163 +12.0% +43.7percent
Closed Sales 2,577 -6.6percent -5.5percent
Pending earnings were down ten per cent in June to July, and were down nine per cent .
Here’therefore the supply/demand YOY chart. “Demand” in this chart is represented by closed earnings, which have experienced a consistent definition during the decades (unlike pending earnings from NWMLS).

This ’s inventory with every year overlaid on the identical chart’s graph.
“There continues to be better news for buyers consented Mike Grady, president and COO of Coldwell Banker Bain. He noted the stock in King County has climbed since March in 0.8 months to 1.5 months of distribution, but added “While this is important, we are still well below a balanced marketplace of 4-to-5 months of inventory. ”

A number of listings is coming on the market in those price ranges “ While we are experiencing record sales activity for the finish and luxury markets in year 2018. This has led to more opportunities for home buyers and premium pricing from the spring marketplace. ”

Here’s a house price YOY change chart:


Home price changes fell to their lowest level since July 2015.
Here’s your closed sales annual comparison chart:

Here’s the article from the Seattle Times: Why More Seattle-area house sellers lower record prices as market warms way down
New listings have been up three percent from a year before, but dipped slightly from June.

Inventory has been up forty-four percent from this past year, and rose twelve per cent in June to July. That is the biggest year-over-year increase we’ve April 2008 found in listings that are busy.

That is the steepest surge in listings that we’ve noticed, together with the year-over-year numbers much quicker compared to between 2005 and 2008.

The post NWMLS: Prices retreat slightly as stock continues to climb appeared first on Seattle Bubble.

I don’t have any idea what “seller gridlock” is supposed to mean. In general though, the brokers quoted within this month’s press release are being fairly realistic so far. It’ll be interesting to see if this keeps up when the market begins to slow down.
Here’s your King County SFH summary, with the arrows to reveal whether the year-over-year direction of each index is favorable or adverse information for sellers and buyers (green favorable, red = undesirable ):

Also the times of supplies are days of the past and also “ Home sellers throughout the Seattle region are currently undergoing a reality check,” was a manager using Northwest Multiple Listing Service summarized the market upon reviewing the record for July.

“Back in Seattle and King County supply is at the highest level since first quarter 2015, which has me considering the longevity of vendor luxuries like offer review dates, pre-inspections, along with escalation clauses,” commented Robert Wasser, owner of Prospera Real Estate and also an officer of the Northwest MLS board of supervisors. “folks are taking note of this real estate landscape — even my mom tells me ’s noticing more for sale signs! ”

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NWMLS monthly reports incorporate an undisclosed and varying number of
sales from prior months in their pending and closed sales figures.

This year prices surfaced in May, although July or june is generally the high point for costs in a given calendar year. Between 2000 and 2017, April to July has found that the median price growth a mean of 3.4 percentage. This season costs dropped 3.6 percentage over the exact same four weeks.

Yesterday, the NWMLS published july marketplace stats. Before we get into our monthly stats, here’so a glance in their media release.