It was another slumpy quarter for single-family home sales in Seattle, reports Seattle Bubble. Check the chart, which tracks all King County closings since 2000, as reported by the NWMLS (click the pic for the big view):
See that little red 2008 line? Yikes. While the crimson Q2 isn’t the lowest point on the chart (Q1 of this year beat it for last place by a long shot), it’s still mighty scary.
Given this, do you think dropping prices will spur more home closings? Or is our abundant selection totally sogged?