In light of the news about increased inventory in June, this article from Redfin about national market trends is interesting. That change wasn’t seen nationally. Given that the rate of growth and inventory depletion we’ve seen has diverged from the national trends (by being faster) that isn’t necessarily surprising. Seattle gets a special call-out for market competitiveness. We’re tied with Denver and Portland for shortest median time on the market at 7 days.
Dovetailing with news about market competitiveness is this report on the growth of poverty in high-density neighborhoods. The article goes into detail about the differences between trends in Seattle as compared to national trends. The insights are likely to be useful to anybody following the upzoning and MHA (Mandatory Housing Affordability) programs in progress across the city.
Mostly unrelated to anything else, there’s a report out tracking how much time people spend in Seattle looking for parking. It’s not pretty. But we already knew that.