Edgewood, WA Real Estate Blog

Statistics for September 2008 for Edgewood and surrounding cities have just been updated.

Things appear to be changing a bit.  However, keep in mind the data is not seasonally adjusted (although you can see what was happening last year at this time).

Inventory seems to be coming down, at least for King County.  Prices continue to drift downward.  Some of this drift may be due to the disparity of rates between conforming and jumbo (conforming and non-conforming) loans.

I have not compiled pending data below.  The mainstream media is ballyhooing an increase in pending sales (an improving market) which generally reflects the most recent trends (0-30 days back versus actual solds which reflects what happened 30-60 days ago).  But keep in mind NWMLS changed the way pendings are tabulated.  Houses that were sold subject to inspection were categorized as actives.  Now they are classified as pendings subject to inspection.   So the method of classification has changed.  We’ll need to see how much effect this has by correlating pendings to solds in the future.

Never the less, it remains a buyer’s market.

• Number of Active listings: King & Pierce County WA
  
• Number of Active listings: Edgewood, Milton, Sumner, NE Tacoma, & Federal Way WA

• Number of Sold listings: King & Pierce County, WA
• Number of Sold listings: Edgewood, Milton, Sumner, NE Tacoma & Federal Way WA

• Average days on market: King & Pierce County WA
• Average days on market: Edgewood, Milton, Sumner, NE Tacoma & Federal Way WA

• Months of housing inventory: King & Pierce County WA
• Months of housing inventory: Edgewood, Milton, Sumner WA
• Months of housing inventory: NE Tacoma WA
• Months of housing inventory: Federal Way (100) WA
• Months of housing inventory: Federal Way (110) WA

• Median sold price: King & Pierce County WA
• Median sold price: Edgewood, Milton, Sumner WA
• Median sold price: NE Tacoma WA
• Median sold price: Federal Way (100) WA
• Median sold price: Federal Way (110) WA