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Replies (6)
- Terri Linnell, "DebtsNMesses"
- Contributions:6728
Yes, we are in a dip, that's leading to a false sense of security.
- wetdawgs
- Contributions:26756
Sam: Please abide by the good neighbor policies and do not put links to your commercial site in your posts. Keep them with your personal profile. We're smart enough to find it if we need it.
- dacolan
- Contributions:1073
Inventory was a relatively reliable fundamental economic indicator of the residential RE market prior to the current accounting legerdemain being employed by financial institutions. Unfortunately, due to shadow inventory clouding the picture, this stat has been rendered all but meaningless.
- Spencer Rascoff, "spencer"
- Contributions:2093
Sam & Co, have you guys checked out the new local info pages we just launched?
- klarek the realist
- Contributions:7044
Pay no mind to the blatant market manipulation occurring right now. Talk about a temporary bubble, it's just pathetic. Here is what the future holds for Seattle:
link
link
- Pasadenan
- Contributions:21413
Yes Sam, we know you have told us that you have sold 10 times more houses than you SHOULD have sold this year. Good for YOU, but no one else! Inventory is being held back by the lending instututions, and the "for now" prices are not dropping as fast means NOTHING, since there is a big slide coming. Those that are patent will do much better than those that lose $40k this year just to give YOU a commission.
Seattle Home Sales Show Big Increase vs. 2008, 20% Drop in Inventory of Houses
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- 4.9/5.0
- (5 reviews)
Contributions:3472Total real estate sales in King County were are their highest point in two years, while pending sales were up over 10% in King and Snohomish Counties. While prices in Seattle are still down about 13% compared to last year, the "losses are lessening" as an optimist once said. Prices were down over 15% earlier in 2009, so things seem to be flattening out.
The biggest surprise was the drop in overall inventory. King County experienced a 20% decrease in the number of houses on the market, a really staggering number. This will surely drive prices up a bit on some new listings, and should keep the home prices from falling any further, at least in the short term.
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