When the statistics came out last week for the month of
September something jumped out right away. The graphs below are for single
family homes in West Seattle. One graph covers February 2006 through July 2007.
The height of the market occurred in 2006. March of 2006 had only 232 homes
available (supply) and 200 pending sales (demand).
Contrast those numbers with August 2010 which had the most homes
on the market (supply) at 655 active listings and only 89 pending sales ).
Now check out the latest stats which include May 2011
through September 2012.. Notice the months of February, March, April, and
December of 2006 along with January of 2007 look a lot like the last 3 months
of July, August, and September of 2012.
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