Around the Sound: Pierce & Skagit Lead Price Gains

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.

Median Sale Price Single-Family Homes

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.

Active Listings of Single-Family Homes

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%.

Closed Sales of Single-Family Homes

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.

Months of Supply Single Family Homes

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.

About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

One comment:

  1. 1
    The Tim says:

    Heh, I love that there are 40 votes on this post (+24 / -16) but zero comments. Guess it’s just not much of discussion-generating topic!

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