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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. Where are all the sellers? You can’t buy what’s not for sale!

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September 2021 Housing Report

Lamacchia Realty

Sellers for the first time in a while may not get to name their price in this fall market, as competition for homes is decreasing. The number of new listings has decreased but so has the number of pending sales, which means that inventory is lingering longer than it has been which is a positive sign for buyers. April 4, 2016.

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Will existing home sales climb at all this year?

Housing Wire

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. Active listings as of Sept. And the answer is, It’s not going to crash. SMILE FOR THE CAMERA.

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

The quarterly figure pales in comparison to most years; more than 125,000 foreclosure filings occurred in Q1 of 2016. After a continued rise in sales activity through March, the number of Seattle listings under contract and new listings have eased. While that may appear significant, the U.S. 1 (6861). >>

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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. That’s according to Census Bureau data averaged out over the five years between 2016 and 2020 and reported by The Seattle Times.