Let’s check in again on our regular monthly neighborhood update to Seasonally-Adjusted Active Supply (SAAS). For an explanation of what seasonally-adjusted active supply is, please refer to this post. Also, you may view a map of the areas discussed in this post.
Yet again, the sweet interactive data visualizations in today’s post come to you courtesy Tableau Software.
In the charts below I have taken the calculated value for SAAS and subtracted 2, in order to better visualize the difference between a buyer’s market and a seller’s market. Using this method, negative SAAS values indicate a seller’s market, while positive values indicate a buyer’s market.
King County’s overall SAAS dipped ever so slightly in July, coming in pretty much right on a “balanced” market again at 2.01 (June was 2.06). 6 of 30 areas came in below 1.75 as seller’s markets, 11 of 30 came in above 2.25 as buyer’s markets, and the remaining 14 were more or less balanced between 1.75 and 2.25.
Hit the jump for the rest of this month’s interactive charts and commentary.
Here’s a year-over-year comparison for each NWMLS neighborhood.
Southeast King and the Eastside were more or less tied as the best regions for buyers, with SAAS in each averaging about 2.4.
July was a mixed bag, as SAAS increased from June in some neighborhoods, but decreased in others.
The three toughest markets for sellers were Vashon Island (800) at 4.3, Enumclaw (300) at 4.0, and downtown Seattle condos (701) at 3.8.
The three best markets for sellers as of last month were U District / Wedgewood / Lake City (710) at 1.2, Skyway (360) at 1.4, and east Bellevue (530) at 1.5.