Weekly Scorecard 12-13-10
The sales volumes are pretty high for this time of year except for west Bellevue which had a large number of sales but no pending sales and the pending sales for West Bellevue have been done the last couple of weeks. However the other areas have both a higher volume of sold and pending sales which could mean this market is settling out at a higher overall volume now that the sold homes and pending sales are starting to track a little more.
The inventorues fell like a stone this week. don’t know if that is due to sales or seasonal conditions. Later in the next month we should see inventories start rising but my gut feel is they will peak at a lower level this year than last year. The other notable trend is the amount of highend inventory closing. A waterfront in West Bellevue closed for $9,500,000 and you can see by the South Bellevue average home sale prices that some more expensive inventory was sold.
The spreadsheet is here: Weekly scorecard 12-13-10