Comments on: July NWMLS Market Info http://seattlehousingbuzz.com/2006/08/july-nwmls-market-info a Seattle Real Estate Blog Wed, 07 Jan 2009 01:48:36 +0000 http://wordpress.org/?v=2.3.1 By: Enten Eller http://seattlehousingbuzz.com/2006/08/july-nwmls-market-info#comment-303 Enten Eller Fri, 18 Aug 2006 17:50:47 +0000 http://seattlehousingbuzz.com/2006/08/july-nwmls-market-info#comment-303 Oops image did not make it... http://photos1.blogger.com/blogger/1905/3591/320/trendking.jpg Oops image did not make it…

http://photos1.blogger.com/blogger/1905/3591/320/trendking.jpg

]]> By: Enten Eller http://seattlehousingbuzz.com/2006/08/july-nwmls-market-info#comment-302 Enten Eller Fri, 18 Aug 2006 17:49:39 +0000 http://seattlehousingbuzz.com/2006/08/july-nwmls-market-info#comment-302 You have forgotten that Closed Sales price is a lagging indicator reflecting events from 3-5 months ago. I've just done a series of post on technical analysis of the numbers released from NWMLS and if you have a house for sale and recieve a low offer, I would suggest you accept it. You will probably be better off than hoping for another offer that is higher. The average time on market (another lagging indicator) divided into inventory gives an "expected months time on the market" and that is moving up very fast. In short, offers (for houses not priced to sell in the first week) will become rarer. Check the charts at http://real-estate-mathematics.blogspot.com/ The trends are clear and there... the news is a definite cool fall. /320/trendking.jpg You have forgotten that Closed Sales price is a lagging indicator reflecting events from 3-5 months ago. I’ve just done a series of post on technical analysis of the numbers released from NWMLS and if you have a house for sale and recieve a low offer, I would suggest you accept it. You will probably be better off than hoping for another offer that is higher.

The average time on market (another lagging indicator) divided into inventory gives an “expected months time on the market” and that is moving up very fast. In short, offers (for houses not priced to sell in the first week) will become rarer.

Check the charts at
http://real-estate-mathematics.blogspot.com/
The trends are clear and there… the news is a definite cool fall.
/320/trendking.jpg

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