September is part of the past, so let’s have a look at our stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional stats you’d like to see in the preview, drop a line in the comments and I’ll see what I can do.
First up, here’s the summary snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series:
Summary: Foreclosures dipped back down, sales fell, and inventory is still at or near all-time lows. Hit the jump for the full suite of our usual monthly charts.
Next, let’s look at total home sales as measured by the number of “Warranty Deeds” filed with King County:
Big dip in sales to their lowest point since April, but still above last year’s level.
Here’s a look at Snohomish County Deeds, but keep in mind that Snohomish County files Warranty Deeds (regular sales) and Trustee Deeds (bank foreclosure repossessions) together under the category of “Deeds (except QCDS),” so this chart is not as good a measure of plain vanilla sales as the Warranty Deed only data we have in King County.
Big dip in Snohomish too, even falling below last year’s level.
Next, here’s Notices of Trustee Sale, which are an indication of the number of homes currently in the foreclosure process:
Both counties fell dramatically from the month prior, but are still up big from last year.
Here’s another measure of foreclosures for King County, looking at Trustee Deeds, which is the type of document filed with the county when the bank actually repossesses a house through the trustee auction process. Note that there are other ways for the bank to repossess a house that result in different documents being filed, such as when a borrower “turns in the keys” and files a “Deed in Lieu of Foreclosure.”
Nothing too dramatic, same slow trend we’ve seen most of the year.
Lastly, here’s an update of the inventory charts, updated with the inventory data from the NWMLS.
Same old story all year. Inventory falling to new lows every month.
Stay tuned later this month a for more detailed look at each of these metrics as the “official” data is released from various sources.