June market stats were just published by the NWMLS. They haven’t posted their press release online yet, but when they do it will be here.
By tomorrow their press release will be live, so we’ll save it for the reporting roundup. For now let’s get to the stats.
NWMLS monthly reports include an undisclosed and varying number of
sales from previous months in their pending and closed sales statistics.
Here’s your King County SFH summary, with the arrows to show whether the year-over-year direction of each indicator is favorable or unfavorable news for buyers and sellers (green = favorable, red = unfavorable):
| June 2011 | Number | MOM | YOY | Buyers | Sellers |
|---|---|---|---|---|---|
| Active Listings | 8,177 | +1.5% | -17.2% |  |
 |
| Closed Sales | 1,884 | +13.9% | -0.3% | |
|
| SAAS (?) | 1.67 | +0.9% | -0.3% | |
|
| Pending Sales | 2,387 | -3.9% | +32.3% | |
|
| Months of Supply | 3.43 | +5.7% | -37.4% | |
|
| Median Price* | $345,000 | 0.0% | -9.9% | |
|
Feel free to download the updated Seattle Bubble Spreadsheet (Excel 2003 format), but keep in mind the caution above.
Here’s your closed sales yearly comparison chart:
Impressive, I guess. Still one of the lowest years on record, but we did at least inch above last year’s tax-credit-juiced June level. So that’s something.
Here’s the graph of inventory with each year overlaid on the same chart.
Meanwhile, inventory continues to be fairly middling.
Here’s the supply/demand YOY graph. In place of the now-unreliable measure of pending sales, the “demand” in this chart is represented by closed sales, which have had a consistent definition throughout the decade.
Sales inched back up slightly above the zero line, while listings keep falling further into negative territory.
Here’s the median home price YOY change graph:
Even though prices were unchanged month-to-month, we actually fell slightly on this one, since last June saw a slight increase. We’re just barely shy of double-digits again.
And lastly, here is the chart comparing King County SFH prices each month for every year back to 1994.
June 2011: $345,000
February 2005: $342,500
No headlines yet from the Seattle Times or the Seattle P-I. I’ll update this post when they’re posted. Otherwise, check back tomorrow for the full reporting roundup.