King County Housing Supply Down Nearly 30 Percent

The weekly active listing count for the greater Seattle housing market shows that the supply of homes available for sale is down sharply compared to a year ago.  Here’s how the housing numbers compare for King, Snohomish, and Pierce counties for the week ending February 06, 2012:

Seattle Area Active Home Listings - Week Ending 02/06/12

Active residential and condominium listings (not including "Contingent" or any "Pending" statuses). Data taken from the NWMLS and Windermere but not verified.
CountyTotal Active ListingsWeekly Change52-Week Change52-Week % Change
King7395(- 163)(- 3014)(- 29%)
Snohomish3138(- 25)(- 1595)(- 34%)
Pierce4228(-36)(- 1071)(- 20%)

Pending sales were up 13.7 percent year-to-year in January 2012 for the entire Northwest Multiple Listing Service (NWMLS) area, according to the most recent numbers released.  It’s worth noting that the snowstorm in January put a lot of real estate activity on hold for around five days, and pending sales number would probably have been higher otherwise.

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