The Seattle area real estate housing supply heat maps are out for February 2010 and show a significant shift from what was primarily a Buyer’s Market in 2009 (green, defined as over 6 months of housing supply) to a Balanced Market in 2010 (yellow, defined as 3 to 6 months of housing supply.) Red areas indicated a Seller’s Market, defined as 0 to 3 months of housing supply.
Feb. 2010 Months of Housing Supply (right) compared to 2009 (left). Red = Seller's Market, Yellow = Balanced Market, Green = Buyer's Market.
Click the image to see a larger version of the heat maps. “Months of Supply” means the number of months that it would take to deplete the current housing inventory if homes continued to go off market at the current rate and no new listings were added.
