It’s been way too long (over a year) since I posted the histogram of monthly sales. Let’s take another look.
To generate the chart below, I took all the sales data for single-family homes sold in King, Snohomish, and Pierce Counties from the beginning of 2010 through the end of June. Since my data download puts late-reported sales into the month that the sale actually took place rather than in the month they were reported, there is a slight difference in the number of sales I’m counting vs. what the NWMLS reports each month.
By default the chart shows just King County sales in June. Use the controls below to view different months, or to see what the mix looks like for Snohomish or Pierce County. I’ve also added color-coding and controls to separate out “non-distressed” sales from the sales of bank-owned homes and short sales.
The blue bars representing sales of bank owned homes have been consistently shrinking over the last year as much of that cheap inventory has dried up. Meanwhile, the peak of the non-distreed curve has moved from $250k-$350k a year ago to $300k-$400k in June of this year.