Are Home Sales Dropping Too Fast?
Dustin on 11 11, 2005
It’s well known that things slow down tremendously in the winter… But none the less there have been some rumblings that things are slowing down too fast and that we might be approaching “bubble territory”. Using some pending home sale data from the NW Reporter, I put together the following chart:
It looks like we’re in a pretty typical October slowdown to me… Seattle homeowners: I’d be curious to know if you are concerned when you see this chart?
About the Author: Dustin Luther
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[...] On a related note, all signs are pointing to a long winter here in Seattle. From my office in Downtown, I could see the snow come down pretty furiously this past week, although there wasn’t much sticking in Seattle (yet!) until you got into the hills. And there is speculation that the real estate market is in for a long winter, but considering the usual slowdown in this time of year, we won’t really know the extent of the slowdown (if there is one) until Spring. [...]