It’s time for our regularly-scheduled (although somewhat late this month) check on NWMLS statistics from around the sound. Once again, courtesy Tableau Software, the Around the Sound update is rocking exclusive interactive data visualizations.
Before we get to the cool stuff, here’s the usual table of YOY stats for each of our seven covered counties as of June 2009.
(Note: Keep in mind that certain NWMLS definitions were modified beginning July 2008 that affect the reported number of active listings and pending sales (and therefore the “months of supply”). The net result of this change is that active listings post 07/08 will appear lower, pending sales higher, and months of supply lower than prior to 07/08. See this post for more details.)
|Months of Supply||3.9||4.5||4.2||4.7||4.3||11.0||7.7||6.1|
Hit the jump for the rest of this month’s interactive charts.
The visualization below is comparable to our usual chart of closed sales in each county in May 2008 and May 2009:
King, Kitsap, Thurston, and Whatcom all saw slightly increasing year-over-year closed sales, while Island, Pierce, Skagit, and (just barely) Snohomish all had fewer sales than June 2008.
Here’s our comparison of median prices in each county at their respective peaks and in June 2009:
Change from Peak
Other than Thurston and Whatcom on the low end and Island on the high end, most counties came in right around 20% off the peak.
Months of Supply
Again, unfortunately this chart has been rendered mostly meaningless with the change in “pending” definition by the NWMLS. Next month the year-over-year comparison will be valid, but the MOS metric will still be of questionable use. We will integrate the SAAS measure into these charts beginning with July’s data.
Still seems like the market around the sound is in a bit of a holding pattern. Sales increasing slightly, but not a strong enough showing yet to signal any kind of true recovery. It will definitely be interesting to see how things hold up as we move into the fall in a few months.