Now that June is over, let’s have a look at our monthly 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 snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series:
Listings are up 7 percent from a year ago in King County and over 32 percent in Snohomish. Sales flipped from year-over-year drops in King and Snohomish last year in May to a 7 percent increase in King and flat in Snohomish in June. Foreclosure starts and completions both continued to drop from last year’s levels.
Next, let’s look at total home sales as measured by the number of “Warranty Deeds” filed with King County:
Sales in King County rose 7 percent between May an June (in 2013 they fell 5 percent over the same period), and were up 7 percent year-over-year, a flip from the previous seven months, when sales were falling from year-earlier levels.
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.
Deeds in Snohomish were up 15 percent month-over-month and were down 1 percent from June 2013.
Next, here’s Notices of Trustee Sale, which are an indication of the number of homes currently in the foreclosure process:
Foreclosures in both counties were once again down considerably from a year ago. Month-over-month foreclosures fell in both counties. King was down 31 percent from last year, and Snohomish fell 58 percent.
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.”
Trustee Deeds were down 32 percent from a year ago, but rose slightly month-over-month.
Lastly, here’s an update of the inventory charts, updated with the inventory data from the NWMLS.
After double digit inventory gains in both counties between April and May, May to June saw smaller gains. King is currently up 7 percent from last year, while Snohomish is up 32 percent.
Stay tuned later this month a for more detailed look at each of these metrics as the “official” data is released from various sources.