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Monday, November 16, 1981

Thursday Open Thread

This is your open thread for today. Please post random links and off-topic discussions here.

3 comments:

Mikhail said...

I've noticed that the inventory in East Bellevue (where I live) has dropped substantially at ZipRealty in the last 2 weeks. Is there any way to tell if this is because of increased sales or just dropped listings?

I wonder if a lot of sellers just take their homes off the market for the winter if they aren't selling, hoping to re-list in the spring?

Eleua said...

mikhail,

This is purely anecdotal, but my guess it is not due to sales, but hopes of a wonderful Spring.

If I am right, this Spring is going to be one for the record books. Everyone I talk to tells me that THIS (right now, whenever we are talking) is the low. According to the people I talk to, ALL THE EXPERTS say that the market is poised for another run that will make the past 4 years look very mild.

Funny how everyone KNOWS what is going to happen.

BTW, gas is up another $.04 today. That's a $.24 hike since election day!

Mikhail said...

I agree that the most logical assumption is that people are just removing listings until the spring. I find it hard to believe that the real-estate market just became hot all of a sudden in November when it had been in decline all year.

Ziprealty showed 40 listings back in April (for my area) and we were up to 95 in early November. Now we suddenly drop to 70. If we had a drop like this in the peak of the selling season (e.g. May or June) maybe we could assume the homes were selling. But I can't see why people would be much more eager to buy in our glorious winter, during a series of rain-storms no less, than they were in the spring.