For the second week in a row, pending sales of new homes in 23 Western Washington counties topped the corresponding figures from last year. Considering the obstacles to home-buying posed by the COVID-19 pandemic and stay-at-home measures that were still in place in the state’s most populous counties, that’s a significant indicator of demand.

By contrast, however, the number of new listings available for those shopping for a single-family home has been below last year’s level since the coronavirus crisis intensified here in late March. That imbalance could make for an interesting summer.


 

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Despite pandemic, Seattle region’s pending home sales outrun last year’s level | Coronavirus Economy daily chart (May 28)

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Seattle-area listings of houses for sale drop sharply from last year | Coronavirus Economy daily chart (May 13)

Seattle-area job listings have plunged 40% from recent peak due to pandemic | Coronavirus Economy daily chart (May 11)

Coronavirus Economy daily charts: Unemployment claims, housing, food and job openings for the week ending May 8, 2020