Remove 2012 Remove Contracts Remove Housing Market Remove New Listings
article thumbnail

New listings data falls for third week in a row 

Housing Wire

New listings data has been moving lower over the last few weeks. The moves haven’t been significant and our weekly pending contracts data picked up this week. But, we need to see more growth in new listings data just to grow from 2023 levels.

article thumbnail

Buyers showing renewed interest in condos

Housing Wire

above its asking price, that means it was listed for $301,872, said Daryl Fairweather, Redfin’s chief economist. That’s quite the contrast from back in 2012, when Redfin reported that condos were selling for more than 4% below asking price. If a condo sold for 0.7% year over year, and pending sales were up 38.2%

Buyers 424
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Shrinking Number of New Listings Slows Seattle/King County Housing Activity

Will Springer Realtor

The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 new listings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. between May 2007 and January 2012. Where are all the sellers?

article thumbnail

King County Housing Market Stumbles to 2022 Finish Line

Will Springer Realtor

This marks the introduction of a new feature. Each month, this blog will publish a fresh assessment of the King County area housing market. A patch of foul weather and persistent economic challenges chilled an already cold housing market. The bar is so low on listings and sales data that one might trip over it.

article thumbnail

King County Home Buyers and Sellers in ‘Re-Evaluation’ Mode

Will Springer Realtor

The season has been shaped by slumping new listings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY). monthly decline in available Seattle listings (793). on the Eastside.

Sellers 60
article thumbnail

Economic Turbulence Prompts Seattle Area Market Concern vs. Year Ago

Will Springer Realtor

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.”

article thumbnail

HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

in 2019, the amount of vacant office space has grown each quarter to finish 2021 at 11.6% (excluding available sub-lease space), a level not seen in the city since 2012. >> The chart below, courtesy of the Northwest Multiple Listing Service (MLS), shows breathtaking price appreciation in our region in recent years.

Buyers 36