Seattle Bubble

Let’s check in on the NWMLS statistics from around the sound.

Here’s where the YOY stats stand for each of the six counties as of September 2008:

King - Price: -7.8% | Listings: +4.6% | Sales: +14.7% | MOS: 6.6
Snohomish - Price: -9.8% | Listings: -3.7% | Sales: -6.8% | MOS: 8.8
Pierce - Price: -11.6% | Listings: -9.9% | Sales: +26.7% | MOS: 7.6
Kitsap - Price: -13.9% | Listings: -3.9% | Sales: +32.7% | MOS: 7.1
Thurston - Price: -4.8% | Listings: -10.1% | Sales: +5.7% | MOS: 6.0
Island - Price: -3.4% | Listings: +1.5% | Sales: +1.1% | MOS: 12.0
Skagit - Price: -13.5% | Listings: -0.3% | Sales: -20.3% | MOS:10.4

Following below are the graphs you’ve come to expect. Click below to continue reading.

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Let’s have a look at “Months of Supply” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Also, view a map of these areas here.

September MOS for King County as a whole came in at 6.57 (compared to 7.21 for September 2007 and 6.80 for August), bringing the current run to thirteen months—three times the previous record in the winter of 1994-1995.

In the graphs below, you’re looking at the MOS for the “Res Only” data from the NWMLS King County Breakout pdfs for the one-year period of October 2007 through September 2008. The bar graph is centered vertically on 6.0 MOS, so that it is easier to visually tell the difference between a seller’s and buyer’s market (i.e. - shorter bars mean a more balanced market). Each graph again has the same scale on the vertical axis and has the King County aggregate figure plotted in red on the far right, so they can be easily compared.

Note that there are a few areas that appear to have no bar at all for a given month—this represents an MOS value at or close to 6.0.

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Time for September market statistics from the NWMLS.

The NWMLS press release will be posted at this link when it goes up.

Here is your summary along with the usual graphs and other updates.

Here’s your King County SFH summary:

September 2008
Active Listings: up 5% YOY
Pending Sales: up 15% YOY
Median Closed Price*: $415,000 - down 7.8% YOY

Here is the updated Seattle Bubble Spreadsheet, and here’s a copy in Excel 2003 format. Click below for the graphs and the rest of the post.

[Read more →]

Let’s check in on the NWMLS statistics from around the sound.

Here’s where the YOY stats stand for each of the six counties as of August 2008:

King - Price: -11.2% | Listings: +16.0% | Sales: -16.1% | MOS: 6.8
Snohomish - Price: -9.4% | Listings: +2.3% | Sales: -19.4% | MOS: 8.1
Pierce - Price: -11.6% | Listings: -8.9% | Sales: -3.8% | MOS: 7.6
Kitsap - Price: -6.5% | Listings: -0.6% | Sales: -7.6% | MOS: 8.8
Thurston - Price: -7.6% | Listings: -9.9% | Sales: -6.1% | MOS: 5.9
Island - Price: -17.4% | Listings: +6.0% | Sales: -21.2% | MOS: 13.8
Skagit - Price: -9.3% | Listings: +8.1% | Sales: -41.1% | MOS:10.2

Following below are the graphs you’ve come to expect. Click below to continue reading.

[Read more →]

Let’s have a look at “Months of Supply” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Also, view a map of these areas here.

August MOS for King County came in at 6.80 (compared to 4.92 for August 2007 and 7.21 for September), bringing the current run to a full year (vs. the previous record of 4-5 months in the winter of 1994-1995).

In the graphs below, you’re looking at the MOS for the “Res Only” data from the NWMLS King County Breakout pdfs for the one-year period of September 2007 through August 2008. The bar graph is centered vertically on 6.0 MOS, so that it is easier to visually tell the difference between a seller’s and buyer’s market (i.e. - shorter bars mean a more balanced market). Each graph again has the same scale on the vertical axis and has the King County aggregate figure plotted in red on the far right, so they can be easily compared.

[Read more →]

NWMLS statistics for August have finally been released.

The NWMLS press release will be posted at this link when it goes up.

Here is your summary along with the usual graphs and other updates.

Here’s your King County SFH summary:

August 2008
Active Listings: up 16% YOY
Pending Sales: down 16% YOY
Median Closed Price*: $423,950 - down 11.2% YOY

Here is the updated Seattle Bubble Spreadsheet, and here’s a copy in Excel 2003 format. Click below for the graphs and the rest of the post.

[Read more →]