Monday, September 17, 2018

Lawler: Spotlight Seattle: Inventory Shortage Abating Rapidly

by Bill McBride on 9/17/2018 06:36:00 PM

Tuesday:
At 10:00 AM ET, The September NAHB homebuilder survey. The consensus is for a reading of  67, unchanged from 67 in August. Any number above 50 indicates that more builders view sales conditions as good than poor.

From housing economist Tom Lawler: Spotlight Seattle: Inventory Shortage Abating Rapidly

Here are some August residential sales and listings statistics for the City of Seattle as compiled by the Northwest MLS.

Residential Listings and Sales, City of Seattle, August 2018
August-18August-17% Change
Active Listings1,464715104.8%
Closed Sales8751083-19.2%
Pending Sales 8751136-23.0%