Weekly Scorecard 3-15-10
Two things two report. First the inventories overall have ticked up a little bit. given the time of year I would have expected them to increase a little more but all did see a small increase. The other news is that sales remain brisk with both a large number of closed and pending sales. West Bellevue which had a slow start to the year had both a large number of sold and pendings. All areas are seeing sales. However in West Bellevue again a number of homes sold that I suspect are rear downs. The building cycle looks to be starting again as the new construction inventory is depleted. However this is not speculative building by builders; this is individuals looking to build a new home on a custom home basis.
The spreadsheet link is here: Weekly scorecard 3-15-10