Statistics, especially month-to-month statistics, don't always give the best indicator of the local real estate market.
For instance: The Northwest Multiple Listing Service has found that, in September, inventory reached 1.7 months of supply by the end of the month. September was tied with February for the high in supply for the year. (A balanced market has four to six months of supply.)
Couple that with the $20,000 decline in the median sales price in King County to $565,000, and you'd get the sense that maybe some balance is coming back to the market.
Then again, listings often fall off by about 30 percent every September and October, compared to the spring and summer months. And in the winter, they drop off even more. Every price drop…