The time has come for our regularly-scheduled late-month check on NWMLS statistics from around the sound. As usual, 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 August 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||4.1||4.6||4.4||5.2||4.6||11.3||8.4||6.1|
Hit the jump for this month’s interactive charts.
The visualization below is comparable to our previous chart of closed sales in each county in August 2008 and August 2009:
The YOY closed sales spikes that we saw last month in Snohomish, Pierce, and Kitsap were all tamed in August, with only Thurston County marking a double-digit gain in sales from August 2008.
Here’s our comparison of median prices in each county at their respective peaks and in August 2009:
Change from Peak
Same holding pattern we’ve seen all summer for the most part. A bit of fluctuation up north in Whatcom, but that is likely due more to low sales volume than actual price increases.
Months of Supply
Lower months of supply across the board than a year ago. Not too surprising, since many people are reluctant to list their homes in the present market, which is keeping down supply.
With pending sales having increased across the board an average of 20% from 2008 since April, it is quite telling that actual closed sales are still hovering in the single digits across most of the sound. Lots of deals falling through out there.