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Housing Market Tracker: Inventory drops by 11,000

Housing Wire

Weekly inventory fell much more than the previous two weeks, down 11,021; new listing growth had its lowest weekly calendar print for this previous week. The new listing data had its lowest weekly print ever, down slightly from last year but more noticeably from what we traditionally saw in the previous decade.

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

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). Bosa developed the twin, 41-story, 698-unit community in 2015-2016. Pittsburgh).

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Signs of Inflation Expand Well Beyond Housing Prices

Will Springer Realtor

The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my new listings. It’s impossible to beef up inventory when there is a 61% increase in new listings on the Eastside, as was tabulated in March, and a 63% rise in Pending sales from the previous month. MARCH HOUSING UPDATE.

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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

That’s according to Census Bureau data averaged out over the five years between 2016 and 2020 and reported by The Seattle Times. While the number of new listings in June jumped 8.2% in new listings and 57% in active listings at the start of this month (3256), up 124% from a year ago. Give me a ring!

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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. SEPTEMBER HOUSING UPDATE.

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

>> Seattle home prices have skyrocketed 68% since May 2016, according to new data from the Case-Shiller Price Index. >> A full 28% of all Seattle home listings are priced at or above $1M, according to a report published on SeattleAgentMagazine.com. The number of new listings for all home types (4428) fell 7.8%

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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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