Shrinking Inventory In Seattle?

See the chart below.  Clearly, condo inventory in Seattle is shrinking as prices continue to fall.  The question is, what is the biggest contributor?

  • More sales?
  • Short Sales that are currently under contract?
  • Home owners simply “staying” where they are and pulling their homes off the market?

What are you thoughts?

Real Estate Market Chart by Altos Research

  • Galen

    Looks like a seasonal decline to me – just like last year.