Published by Keith Brandt, Coldwell Banker Bain. Real estate market information on a local level.
For additional RE Market Data information go to: www.KeithBrandt.com
November 2015 RE Market Stats for Residential King County WA show and increase in the Percent of Active Inventory Sold Pending (Absorption Rate) from 87% in October to 92% for November. Comparing this November to November 2014, the absorption rate climbed from 58% to 92% for a 59% increase! At first glance the November number looks great from a percentage standpoint, however the reason the rate is so high is because the inventory this year is much lower than 2014. So if the inventory is lower and the Pending sales are the same as last year, as they were, the percentage changes upward. To calculate absorption percentage, divide the Pending sales number by the Active Inventory number. Additional RE Market Stat charts can be found at www.keithbrandt.com
October 2015 RE Market Stat numbers for Residential King County, WA show the typical seasonal bump up in The Percent of Active Inventory Sold Pending (Absorption Rate). The rate went from 81% in September to 87% in October. However Pending residential sales went down slightly month to month as did Active inventory. Condominium stats showed a decline in Absorption with decreases in Active inventory and Pending sales. Both Residential and Condo absorption are still far above 2014 numbers. Additional RE Market Stat charts can be found at www.keithbrandt.com
The September 2015 RE Market Stats for King County, Washington show a continued seasonal slowdown in the Percent of Active Inventory Sold Pending (Absorption Rate). Still, the rate of 81% is historically very high. Condominiums also showed a decline from August to September. Both Res and Condo absorption rates were way higher than September 2014. Inventory unfortunately has not increased and has remained essentially flat August to September. Additional RE Market Stat charts can be found at www.keithbrandt.com
RE Market Stats for August 2015 are in for King County, WA. Residential Percent of Active Inventory Sold Pending (Absorption Rate) continues its seasonal decline down to 85%, which is still very high. Pending Sales are down but still above August 2014. Inventory has declined very slightly July to August which is also seasonal. Inventory remains far below August 2014 levels. Additional RE Market Stat charts can be found at www.keithbrandt.com
July 2015 RE Market Stats for Residential King County Washington show a continuing decline in the Percent of Active Inventory Sold Pending (Absorption Rate). The rates are still in the 90’s however far above a normal market. This is a seasonal decline. Pending sales are down with inventory building slowly. Condo absorption has moved down from 120% to 101%, still very high. Condo Pending sales have declined with inventory remaining essentially the same from June 2015. Additional RE Market Stat charts can be found at www.keithbrandt.com.
The June 2015 RE Market Stats are in for King County, WA. Residential Pending sales are down from May 2015, but still above June 2014 by 2%. Residential inventory grew slightly but with Pending sales down, the percent of active inventory sold pending (absorption rate) dropped from the May 2015 rate of 105% to 97%. Condos on the other hand showed an increase in Pending sales and a slight decrease in inventory leading to a 120% absorption rate up from May’s 110%. Additional RE Market Stat charts can be found at www.keithbrandt.com.
May 2015 real estate market stats for King County Washington showed a typical seasonal slowing (reduction) in the Absorption Rate (percent of Active homes sold pending). Residential rates dropped from 114% in April to 105% in May of 2015. Condos move down from 122% in April to 110% in May 2015. These rates are still very high since inventory is very low and pending sale remain strong. Additional RE Market Stat charts can be found at www.keithbrandt.com
The new April 2015 RE Market Data for King County WA is in. Residential Percent of Active Inventory Sold Pending March to April has declined slightly from 118% to 114% due to a slight increase in Active inventory. This rate is still incredibly high. The inventory growth is not what we need in this market. Condominium Active inventory remained essentially flat from March to April and with higher month to month Pending sales, the Percent of Active Inventory Sold Pending jumped to 122%! Additional RE Market Data charts can be found at www.keithbrandt.com
UrbnLivn is a Seattle condo and real estate blog
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