Weekly Scorecard 3-14-11
Overall the sharp decline in inventory seems to have leveled off. West Bellevue was down a little and the other areas up a little. The number of closed sales was very high in all areas but the pending sale numbers were substantially under the number of closed sales. The combination of declining inventory and closed sales could not continue for ever. Looks like buyers are getting picky regarding the present inventory judging by the Pending sales. In looking at the individual homes this week closing there were only two bank owned homes and very few short sales. If you look at the Altos stats you can see a small bounce in pricing. It looks like the combination of declining inventory with a high rate of sales has at least stabilized pricing.
The spreadsheet is here: Weekly scorecard 3-14-11