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September Housing Stats Around the Sound

Posted on October 7, 2010October 7, 2010 by The Tim

By request, here’s a return of the county-wide stats from around the sound, as of September 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 September 2010.

CAUTION

NWMLS monthly reports include an undisclosed and varying number of
sales from previous months in their pending and closed sales statistics.

September 2010 King Snohomish Pierce Kitsap Thurston Island Skagit Whatcom
Median Price 0.6% 7.7% 0.9% 3.1% 3.1% 6.1% 14.8% 5.1%
Listings 9.3% 6.5% 9.0% 0.3% 11.3% 0.0% 2.7% 10.9%
Closed Sales 28.4% 14.4% 24.5% 19.4% 9.6% 11.7% 12.6% 31.9%
SAAS 2.43 2.00 2.05 1.60 1.73 1.80 2.30 1.93

Pretty much the same story all across the region: sales way down, inventory up, prices still creeping down.

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 September 2009 and September 2010:

Closed Sales

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All eight counties have flipped from double-digit positive YOY sales growth earlier this year to double-digit negative as of September. Impressive swing.

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

Change from Peak

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No big changes here yet. Prices tend to take a while to react to swings in supply and demand (even ones as dramatic as we have seen this year).

Seasonally Adjusted Active Supply

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Interestingly, King County was the best market for buyers in September. Most counties came in fairly balanced, as pitiful sales volume was somewhat offset by a low number of new listings coming on the market.

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Next Post:
September Reporting Roundup: Free-Falling Sales Edition
Previous Post:
Foreclosures Still Elevated, Show No Sign of Slowing

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