weekly Scorecard 1-3-11
A short report this week but taking a look at the closing this week the last week of the year saw a flurry of closings. MLS Area 500 (south Bellevue) had over 16 closings and West Bellevue had 14. These are the highest nu,mbers of the year. Also the inventories are the lowest they have been in years. As an example south Bellevue started the year with 309 homes. The inventory peaked at 419 homes in the last week of June and the year was closed out at only 288 homes. East Bellevue is another good example. Th eyear started with an inventory of 210 homes and peaked at 298 homes in the second week of July and closed the year out at only 187 homes. usually inventories do peak early summer no matter what market conditions. However there appears to be a trend of overall declining inventory and increasing sales volume. Let’s see how thuis trend plays out in the next couple of months.
Th espreadsheet is here: Weekly scorecard 1-3-11