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Wednesday, November 25, 1981

Weekend Open Thread

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

5 comments:

SeattleMoose said...

Inventory has pretty much been falling since the peak in late September (seems to be true even in places like San Diego). With all the unsold properties being taken off the market I fully expect a glut during the desperately hoped for "spring buying season"....

Date / Listings / Delta / %
07-May / 7302 / /
15-May / 7486 / 184 / 3%
21-May / 7665 / 179 / 5%
11-Jun / 8099 / 434 / 11%
18-Jun / 8154 / 55 / 12%
24-Jun / 8352 / 198 / 14%
01-Jul / 8417 / 65 / 15%
08-Jul / 8758 / 341 / 20%
15-Jul / 9057 / 299 / 24%
22-Jul / 9139 / 82 / 25%
29-Jul / 9044 / -95 / 24%
05-Aug / 9059 / 15 / 24%
12-Aug / 9191 / 132 / 26%
19-Aug / 9348 / 157 / 28%
26-Aug / 9442 / 94 / 29%
02-Sep / 9363 / -79 / 28%
09-Sep / 9597 / 234 / 31%
16-Sep / 9959 / 362 / 36%
21-Sep / 10121 / 162 / 39%
28-Sep / 10639 / 518 / 46%
05-Oct / 10434 / -205 / 43%
14-Oct / 10428 / -6 / 43%
21-Oct / 10446 / 18 / 43%
28-Oct / 10374 / -72 / 42%
04-Nov / 10496 / 122 / 44%
11-Nov / 9987 / -509 / 37%
18-Nov / 9706 / -281 / 33%
25-Nov / 9550 / -156 / 31%

meshugy said...

Hi Moose....I actually think a lot of the inventory loss is due to houses being sold and nothing be listed to replace them. Ballard right now is rife with sold signs. None of the houses I've seen were delisted....all got sold. Some faster then others, but in the end someone shelled out for them. I expect a competitive Spring season...but definitely slower the 2005. But still strong...

synthetik said...

The property on 85th ave. I highlighted a week or so ago has been removed from the MLS.

Based on what I've read there is a period of capitulation where sellers take their homes off the market and inventory goes down. This doesn't signal the end of a housing bust - not even close.

Some of those sellers won't relist, but depending on their financial condition many will. They'll follow all the false bottoms lowering their price all the way down - and it'll never be low enough.

imnsho, The dip in inventory here in Seattle actually IS different due to entering the black, abysmal non-selling sleet stay indoors cycle.

Who would list their home now? (Answer: a person of considerable mental acumen)

synthetik said...

Damnit. Why can't we be this smart?

wreckingbull said...

There have been plenty of houses pulled from the market in Ballard. I do agree though, that the dumps (380-500) have been doing much better. Mid to high is not a place you would want to be right now. Lower end is still holding up alright.