Time to take a look at the stats preview for June’s data. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional stats you’d like to see in the preview, drop a line in the comments and I’ll see what I can do.
First up, total home sales as measured by the number of “Warranty Deeds” filed with King County:
Sales hit their highest point since August 2007, just one month after the price peak in King County.
Here’s a look at Snohomish County Deeds, but keep in mind that Snohomish County files Warranty Deeds (regular sales) and Trustee Deeds (bank foreclosure repossessions) together under the category of “Deeds (except QCDS),” so this chart is not as good a measure of plain vanilla sales as the Warranty Deed only data we have in King County.
Just like last month, more modest gains in Snohomoish County, increasing month-over-month and year-over-year, but not even hitting a two-year high.
Next, here’s Notices of Trustee Sale, which are an indication of the number of homes currently in the foreclosure process:
Both counties ticked up again month to month, but still came in lower than a year ago. At the current pace it looks like both King and Snohomish will get back to year-over-year gains by September.
Here’s another measure of foreclosures for King County, looking at Trustee Deeds, which is the type of document filed with the county when the bank actually repossesses a house through the trustee auction process. Note that there are other ways for the bank to repossess a house that result in different documents being filed, such as when a borrower “turns in the keys” and files a “Deed in Lieu of Foreclosure.”
Another slight uptick, but still well below a year ago.
Lastly, here’s an update of the inventory charts, updated with the inventory data from the NWMLS.
A tiny boost in inventory in both King and Snohomish Counties. At this rate it looks like January may end up being the high point for inventory this year, which would just be weird.
Stay tuned later this month a for more detailed look at each of these metrics as the “official” data is released from various sources.