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Weekly inventory fell much more than the previous two weeks, down 11,021; newlisting growth had its lowest weekly calendar print for this previous week. The newlisting data had its lowest weekly print ever, down slightly from last year but more noticeably from what we traditionally saw in the previous decade.
In fact, at a 2019 conference, I was so happy about this that I labeled the chart below as Great News ! Mortgage rates went up to 5% in 2018 , cooling down the housing market but nothing too dramatic for the existing home sales market. In 2018-2019 the affordability metrics weren’t as bad as people thought.
When you ask the housing crash addicts why their home-price forecasts don’t work, they usually say we should adjust home prices to inflation, gold prices, or some other silly historical reference that doesn’t apply to modern-day economics. In 2010, when the newlistings data was exploding, over 23% of homes in America were underwater.
The number of newlistings of all home types (single-family, townhome and condo) in King County climbed 6.4% (1866 units) from January to February, as expected, and total inventory at the start of March (2064) was 111% higher than a year ago. 1-story, mid-century modern home with basement. It’s a 4-bed, 4.75-bath bath , 3880 sq.
The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my newlistings. It’s impossible to beef up inventory when there is a 61% increase in newlistings on the Eastside, as was tabulated in March, and a 63% rise in Pending sales from the previous month. MARCH HOUSING UPDATE.
An independent estimate from 2018 claims roughly 40% of the nation is in a flood-risk area. The market recalibration continues across King County with a sharp drop in newlistings, Pending sales and closings while prices decline. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5%
Well, thats starting to feel a lot like modern home design. The rate of homes hitting the market was also about one-third stronger than in January 2024 and, at 2533 newlistings, it is the most of any January in four years. It has been an absolute privilege to guide and support you in Seattles real estate market since 2018.
Just when signs were looking up for an increase in newlistings and more inventory, the tap was moved back to near shut. The steady stream turned to a trickle, as the number of new and end-of-August active listings declined in the double-digits from just one month earlier. Active listings as of Sept.
That’s 52% higher than 2018, when Freddie first began looking at housing shortages. The county saw newlistings and end-month Active listings rise but Pending sales slip, suggesting buyers are no longer snatching every listing on the Northwest MLS as they become available. Listed at $1,995,000 ($725/sq.
Don’t let the children see these figures because they’re scary: The number of newlistings for all home types fell 5% across King County from April to May, often the busiest month of the year, believed to be a first this century Eastside total newlistings fell 9% to below 1000 (922 to be exact) for the first spring months since April 2018 (905).
>> The City of Kent reported home prices increased 88% between 2010 and 2018, while incomes for homeowners rose 11% in that time. Some highlights from the Northwest Multiple Listing Service (through July): The combined number of condo, townhome and single-family homes on the market as of Aug. List price: $4.698M, $868/sq.
The number of mortgage applications, a leading housing indicator, is at its lowest levels nationally since late 2018. Four in five homeowners have a mortgage with an interest rate of 5% or less, according to a report in The New York Times this month, while half enjoy a rate of 4% or less. month to month (436) and 6.1%
A new door improves curb appeal, adds modern technology to the house and, based on my observations, doesn’t make as much noise as older models! On to newlistings, and we start far away. home with dramatic Northwest views for $5.25M ($2018/sq. 1-story with basement, mid-century modern home is a real catch.
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