It’s been quite a long time since we updated any of our charts with data from outside King and Snohomish counties. Let’s revisit the “Around the Sound” statistics.
Since it’s been so long, I’m starting over from scratch with the format of this post. If there is certain data you would like to see or ways you would like to see the data presented differently, drop a comment below and let me know.
First up, a summary table:
| July 2013 | King | Snohomish | Pierce | Kitsap | Thurston | Island | Skagit |
|---|---|---|---|---|---|---|---|
| Median Price | $434,000 | $304,000 | $226,250 | $239,475 | $229,925 | $250,000 | $235,000 |
| Price YOY | 15.7% | 11.7% | 16.0% | -1.1% | 2.2% | 0.0% | 17.5% |
| Active Listings | 4,561 | 1,950 | 3,260 | 1,439 | 1,221 | 875 | 823 |
| Listings YOY | -10.0% | -1.2% | -6.0% | -4.1% | -5.6% | -7.0% | -12.2% |
| Closed Sales | 2,648 | 964 | 1,118 | 354 | 330 | 147 | 163 |
| Sales YOY | 24.9% | 10.3% | 37.7% | 33.1% | 19.6% | 61.5% | 45.5% |
| Months of Supply | 1.5 | 1.6 | 2.3 | 3.3 | 2.9 | 4.4 | 4.1 |
Next we’ll have a look at median prices in July compared to a year earlier. While prices are up in the Central Sound counties, it’s a much more mixed bag in the outlying areas, with prices mostly flat save for in Skagit County.
Listings are down across the board, with Snohomish experiencing the smallest drop down just 1.2% from 2012. Skagit had the largest drop, with listings falling 12.2% from 2012.
Sales are up in every county compared to a year ago. The largest gain was in Island, which saw a whopping 61.5% jump from last July. The smallest gain was in Snohomish, where sales were up 10.3%.
Finally, here’s a chart showing months of supply this July and last July. Months of supply is down across the board, thanks to the decrease in inventory. I would not be surprised if we start to see some year-over-year gains in months of supply by the end of 2013.
While the market is generally more balanced the further you get from Seattle, there still aren’t any areas around Puget Sound that would be considered a “buyer’s market” yet.