Pre-Owned Home Sales Down at Snoqualmie Ridge - October 2012
October Home Sales Drop Sharply - Sellers Should Remain Conservative!
Well in Snoqualmie Ridge anyway, it appears we've come to a screeching halt on the sale of pre-owned homes in October. (Pre-election jitters perhaps?) The momentum we spoke of through the summer, and in October's market update for Snoqualmie Ridge pretty much evaporated over the past few weeks, with half the number of closings, an increase in new listings, and slightly increased inventory. Pending sales have also continued to drop.
Part of this is simply due to seasonality - on average, there's historically less activity as we exit summer. However, as we've been saying for quite some time, while the market dynamics...