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Puget Sound Counties November Update

Posted on December 22, 2009December 22, 2009 by The Tim

Let’s take a look at November NWMLS statistics from around the sound. Unfortunately, I’m a bit behind in updating the cool interactive charts, so a few static snapshots will have to do for this month. You can of course still download the spreadsheets in Excel 2007 and Excel 2003 format.

Here’s our usual table of YOY stats for each of our seven covered counties as of November 2009.

November 2009 King Snohomish Pierce Kitsap Thurston Island Skagit Whatcom
Median Price 6.3% 11.6% 5.0% 7.5% 8.9% 24.7% 24.1% 7.8%
Listings 19.2% 22.2% 21.4% 26.4% 13.7% 2.1% 2.1% 10.9%
Closed Sales 81.1% 120.1% 81.1% 55.6% 59.6% 86.4% 162.8% 87.9%

Here’s a simple chart of closed sales in each county in November 2008 and November 2009:

Closed Sales: November 2008 & 2009

Every county around the sound got a nice closed sales boost from the combination of a cruddy November 2008 and the fake expiration of the homebuyer tax credit. Sales in Snohomish and Skagit were more than double 2008.

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

Thurston is still turning in the smallest overall decline at 18.5%, while Island and Skagit have both hit over 30% so far. Still no clear sign of a bottom anywhere around the sound.

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