King County Condo Weekly Sales Ratios for March 26th, 2009
March 28, 2009 by James
Filed under Puget Sound Region, Weekly Sales Ratios
Condo Only, NWMLS Area 701 (Belltown & Downtown Seattle)
Active Listings and Pending Sales by NWMLS Area 701
Good news in the attached report:
- Last week was the highest King County weekly sales this year at 401!
- Twelve NWMLS areas in King County are balanced markets (16 areas are buyers market with over 6 months supply)! The report doesn’t show price, but there is a correlation with price and months supply of inventory
Important Report Formatting Note:
The report shows months supply of inventory not weeks supply. The active inventory is divided by the weekly sales and then converted*1 to month supply.
*1 The conversion is done by dividing by 52 weeks per year and then times by 12 months per year. For example 26 weeks supply is converted to 6 months supply (26 divided by 52 times by 12).
VIEW FULL REPORTS (pdf)
Months Supply King County Residential for weeks ended 02-12-09 to 03-26-09
Months Supply King County Condo for weeks ended 02-12-09 to 03-26-09
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