Seattle in Progress is a mobile web app for seeing what’s being built in Seattle. Think of it as a modern alternative to the “notice of proposed land use” boards currently posted at construction sites. These signs, often covered in graffiti, offer minimal information about the development and no easy way to learn more, voice an opinion or hear what others are saying.
- Seattle in Progress – Direct Link
Brokers are scrambling to keep inventory replenished as last month’s pending sales of single family homes and condominiums (8,643) outpaced the number of new listings (8,102).
A comparison of total inventory shows a drop of nearly 3.7 percent from a year ago. At month end there were 23,501 active listings across 21 counties in the MLS database. That’s nearly 900 fewer listings than the year-ago total of 24,391.
Inventory at the end of October, as measured by months of supply, stood at 3.24 months, a slight drop from the previous month’s figure of 3.7 months. In King County there is less than two months of supply, well below the four-to-six month level that many industry analysts use as a gauge of a balanced market.
Brokers say home buyers are back, but they’re choosy – Maple Valley Reporter