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Puget Sound Counties Interactive February Update

Posted on March 17, 2010March 17, 2010 by The Tim

Let’s take a look at February NWMLS statistics from around the sound. As usual, courtesy Tableau Software (available free to use online), the Around the Sound update is rocking sweet 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 eight covered counties as of February 2010.

February 2010 King Snohomish Pierce Kitsap Thurston Island Skagit Whatcom
Median Price 0.5% 10.3% 10.6% 12.0% 10.1% 2.2% 8.9% 2.0%
Listings 14.8% 9.5% 9.6% 13.4% 4.9 1.6% 4.8% 1.8%
Closed Sales 50.8% 53.2% 13.8% 4.4% 22.8% 63.9% 14.0% 31.9%
SAAS 2.47 2.46 2.56 2.96 2.33 2.63 2.79 2.58

Each of the last few months, total listings for one or two more counties bumps back into positive YOY territory.

Summary

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Hit the jump for the rest of this month’s visualizations.

The visualization below looks at closed sales in each county in February 2009 and February 2010:

Closed Sales

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Considering that February was an all-time low for closed sales in many counties around the Sound, it is not surprise that we continue to see huge YOY gains there.

Here’s our comparison of median prices in each county at their respective peaks and in February 2010:

Change from Peak

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Not much change there other than the usual month-to-month noise in the smaller counties.

Seasonally Adjusted Active Supply

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Everyone is back up into the “buyer’s market” territory thanks to a recent boost in new listings, but most counties are still down from last year.

As the exteded tax credit nears expiration, I suspect we will see a continued boost in closed sales around the Sound, but come July, it will be very interesting to see if the YOY gains manage to hold up. I suspect they may not. I also suspect that listings may turn YOY positive for all eight counties by then.

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Buyers Getting More House for Their Money Even as Median Prices Rise
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