Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s. “I

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Lamacchia Realty

OCTOBER 27, 2021

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. What's Ahead?

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Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. Mortgage rates are high, home prices are high, there’s no inventory.” monthly decline in available Seattle listings (793).

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Listing Spark

MARCH 9, 2023

In this blog post, we’ll take a closer look at Texas’ real estate market activity — exploring recent developments, analyzing short-term trends, and making predictions about what we might expect. Months supply of inventory climbed from 0.6 Compared to 2021’s extremely low months supply of inventory of 0.6

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Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

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Will Springer Realtor

JUNE 11, 2024

A snapshot through May shows an unheard-of 40% jump in for-sale listings (3880 units) from a month ago for all home types combined, according to the Northwest Multiple Listing Service. Every month this year has seen inventory growth. Single-family inventory stands at 1.3 Eastside inventory for single-family homes is 1.1

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Lamacchia Realty

NOVEMBER 26, 2021

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate.

Realty 48

Realty Buyers Inventory New Listings 48

Will Springer Realtor

MARCH 14, 2023

“The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” Still, home appreciation remains solidly higher between 2019 and today, at least out West. Condo inventory stands at 1.7 Eastside inventory is 1.4 Portland, Ore.,

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Will Springer Realtor

JUNE 13, 2023

Despite high interest rates, some hungry buyers are competing over limited inventory. Supply of resale housing (as opposed to new construction) is shrinking across our region. months’ total inventory in the county, down from 1.4 Eastside inventories are at 1.2 In March, 33% of homes listed for sale in the U.S.

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Lamacchia Realty

JULY 28, 2022

With listings down, we are likely to see pending sales down as new listings indicate future accepted offers. The first half of every year back to 2019 had lower inventory that the prior year, and May of 2022 is the first time we can see a significant turn in the upward direction. over this timeframe in 2021.

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Buyers Inventory Real Estate Sellers 45

Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. Click to expand any image or graphic from my newsletters and blog posts.) It may take decades to backfill stock, which is said to be roughly 4.5M

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Will Springer Realtor

JULY 11, 2023

The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% While that percentage may appear strong, it’s nothing compared to the April-to-May rise of 18%, signaling a probable cooling of new listings in the future. New single-family-home listings rose 3.8%

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Will Springer Realtor

AUGUST 17, 2021

Employees completed the shift from their Bellevue office high-rise in 2019 only to have the Interbay grand opening squelched within a few weeks by the pandemic. months’ inventory*. (It It would take about 33 days to exhaust condo supply if no other listings hit the market. There is inventory, too. with about 1.1

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Will Springer Realtor

SEPTEMBER 8, 2021

It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). The good news comes from major national builders who have shared their forecasts for growth in the coming years. This is one of the most popular topics on my blog.

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Will Springer Realtor

FEBRUARY 14, 2023

The number of Pending sales soared 51% since December for all home types in King County to 1820 listings under contract, including a 69% boost on the Eastside (480) and a 47% jump in Seattle (610). Another positive sign: The number of new listings surged from the previous month. months of condo inventory in Seattle and 2.5

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Will Springer Realtor

JULY 8, 2022

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. For more information on where the economy and local housing market is headed, flip over to my blog for a recently published article with charts and analysis.

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Housing Market Marketing Inventory HOA 36

Will Springer Realtor

JUNE 8, 2021

and strong climbs such as the pandemic-induced shock of rising single-family home prices amid a dearth of new listings. The enigma is the Seattle condo market – where prices remain steady or are even declining in some pockets as new listings outnumber sales. Today we are witnessing an enigma wrapped in a metaphor.

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Buyers New Listings Marketing Inventory 36

Will Springer Realtor

MAY 12, 2021

The narrow area known as Westlake, just west of Lake Union (and, notably, close to Facebook, Google and Amazon offices), has seen the number of people aged 25-34 double from 2010 to 2019 and now comprise 52% of its residents. >> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S.

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Will Springer Realtor

AUGUST 9, 2021

I have covered this topic both within the newsletter and on my blog and hear from people in real estate about their frustration over the lack of significant action. Housing affordability decreased in 45 of the 50 states from 2012 to 2019. A surprising 3% used the time to build a new house. percentage points. million home sales.

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Will Springer Realtor

JUNE 8, 2022

The pandemic has made attaining ownership more difficult, particularly in housing-starved Seattle (pictured) and across King County where the number of homes on the market (Active listings) has trended lower for most of the past decade-plus. The area east of Lake Sammamish has 205 active listings, up from 48 last year, or a 327% gain.

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Will Springer Realtor

JULY 9, 2021

increase in single-family permits over 2019. >> Home prices are going to continue to go up until the inventory comes back bit,” said Rick Sharga, EVP at real estate information provider Realty Trac. Inventory across our area remains extremely low. I am planning a blog post real soon on this reinvented, 8-story option.

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Buyers Development Transportation Inventory 36

Will Springer Realtor

FEBRUARY 9, 2024

The figure is a 20% jump from 2019 and represents 43% of all city households, the sixth-highest total in the nation. BY THE NUMBERS >> Seattle jumped five notches between 2019 and 2022 among big U.S. >> King County’s net new housing need is 308,677 units between 2019 and 2044, according to county planning policy experts.

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