One of the more interesting things that happen when the market starts to change is that there is some disbelief or uncertainty by the parties that are coming into control. It is like they are just testing the water.  Below is a chart that provides some insightful information. For me the key is that of listing sold in Edmonds over 40% sold in less than 30 days and at 99.57% of the listed price. It is very doubtful  that any of those would have been short sales just because most short sales take months just to get a response back form the bank and even then only approximately 14% close.

DaysOnMarket Breakdown and Average % of List Price received on Solds by Market time:

0-30 Days             31-60 days           61-90 days           91-120 days         120+ days

No. of Listings     92                           50                           20                          16                           48

Breakdown %      40.53%                  22.03%                  8.81%                    7.05%                    21.15%

Med SP % LP       99.57%                  96.29%                  95.52%                  96.51%                  95.67%

Another strong indicator is the number of new home starts is quickly increasing.

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