Puget Sound Counties Interactive July Update

It’s time for our regularly-scheduled check on NWMLS statistics from around the sound. Once again, courtesy Tableau Software, the Around the Sound update is rocking exclusive interactive data visualizations.

Feel free to download the old charts in Excel 2007 and Excel 2003 format. To get specific info about a certain point on any graph in the post below, float your mouse pointer over the data.

Before we get to the cool stuff, here’s the usual table of YOY stats for each of our seven covered counties as of July 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.)

July 2009 King Snohomish Pierce Kitsap Thurston Island Skagit Whatcom
Median Price 13.7% 14.3% 11.5% 5.9% 5.8% 2.4% 6.3% 4.4%
Listings 19.4% 25.2% 25.0% 27.6% 17.4% 4.5% 0.7% 11.7%
Closed Sales 10.6% 18.4% 16.7% 23.5% 6.3% 5.2% 0.9% 3.2%
Months of Supply 4.4 4.7 4.7 5.3 4.6 11.2 9.3 5.9

Hit the jump for this month’s interactive charts.


Around the Sound

The visualization below is comparable to our previous chart of closed sales in each county in July 2008 and July 2009:

Closed Sales

Closed Sales Graph

Snohomish, Pierce, and Kitsap all sported rather unbelievable spikes in their respective YOY closed sales stats, which rose 18.7, 20.2, and 16.2 points. Interesting. Sales actually fell YOY in Thurston, Skagit, and Whatcom.

Here’s our comparison of median prices in each county at their respective peaks and in July 2009:

Change from Peak

Change from Peak Graph

Still hovering around 20% off for the most part, with the most notable exception still being Thurston.

Months of Supply

Months of Supply Graph

Allegedly the change in “pending” definition by the NWMLS took effect starting with the July 2008 monthly stats release, so this chart finally should be giving us useful data again. Rising MOS in Island and Skagit, but declining MOS everywhere else.

To me, the most interesting part of this month’s numbers around the sound is the big spike in closed sales in Snohomish, Pierce, and Kitsap. Of course, over in Kitsap where their closed sales were up 23.5% YOY in July, pending sales for June were up 55.6%, so I guess 23.5% is actually only surprising in that it is so low.

0.00 avg. rating (0% score) - 0 votes

About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.