Let’s check in (somewhat late) on our now-regular monthly neighborhood update to Seasonally-Adjusted Active Supply (SAAS). For an explanation of what seasonally-adjusted active supply is, please refer to this post. Also, you may view a map of the areas discussed in this post.
Yet again, the sweet interactive data visualizations in today’s post come to you courtesy Tableau Software.
In the charts below I have taken the calculated value for SAAS and subtracted 2, in order to better visualize the difference between a buyer’s market and a seller’s market. Using this method, negative SAAS values indicate a seller’s market, while positive values indicate a buyer’s market.
King County’s overall SAAS dipped again in June, coming in just barely in “buyer’s market” territory at 2.06. For all practical purposes, the market was pretty much balanced between buyers and sellers in June. 4 of 30 areas came in below 1.75 as seller’s markets, 15 of 30 came in above 2.25 as buyer’s markets, and the remaining 11 were more or less balanced between 1.75 and 2.25.
Hit the jump for the rest of this month’s interactive charts and commentary.
Here’s a year-over-year comparison for each NWMLS neighborhood.
Southeast King actually came in with the strongest showing for buyers last month, which should come as no surprise given what we saw when we broke down the sales patterns on a geographic basis earlier in the month.
Seasonally-adjusted active supply decreased again in most neighborhoods from May to June. Most of the exceptions to this pattern came in Southeast King.
The three toughest markets for sellers were Downtown Seattle condos (701) at 4.0, West Bellevue (520) at 3.6, and Enumclaw (300) at 3.5.
The three best markets for sellers as of last month were Ballard / Greenlake / Greenwood at 1.3, Jovita / West Hill Auburn (100) at 1.5, and U District / Wedgewood / Lake City (710) at 1.6.