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Around the Sound: Snohomish County Inventory Shoots Up

Posted on October 22, 2013October 22, 2013 by The Tim

It’s time for us to check up on stats outside of the King/Snohomish core with our “Around the Sound” statistics.

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:

September 2013 King Snohomish Pierce Kitsap Thurston Island Skagit Whatcom
Median Price $420,000 $304,475 $223,500 $245,900 $229,750 $271,000 $235,000 $277,250
Price YOY 12.0% 8.7% 6.4% 1.2% 8.1% -1.4% -0.3% 11.3%
Active Listings 4,965 2,324 3,541 1,440 1,270 803 831 1,330
Listings YOY -0.8% 22.6% 3.1% -2.2% 3.9% -2.3% -1.1% 1.9%
Closed Sales 2,200 860 940 279 346 147 167 264
Sales YOY 22.4% 13.9% 32.2% 24.0% 21.0% 69.0% 45.2% 45.1%
Months of Supply 2.0 2.4 3.1 4.3 3.7 5.5 5.0 5.0

Next we’ll have a look at median prices in September compared to a year earlier. King County and Whatcom county had the biggest gains from 2012, while Island and Skagit actually saw prices drop a little from a year ago.

Median Sale Price Single-Family Homes

Listings are still down in King, Kitsap, Island, and Skagit, but up in Snohomish, Pierce, Thurston, and Whatcom. Snohomish County saw a whopping 22.6% jump in listings from a year ago.

Active Listings of Single-Family Homes

Sales are still up in every county compared to a year ago. The largest gain was once again in Island County, which saw a whopping 69.0% jump from last September. The smallest gain was in Snohomish, where sales were up 13.9%.

Closed Sales of Single-Family Homes

Finally, here’s a chart showing months of supply this September and last September. Months of supply is down in most counties, but Snohomish and Pierce both saw increases thanks to the improving inventory situation in those counties.

Months of Supply Single Family Homes

Right now Snohomish County seems to be leading the way in the move back toward a buyer’s market, while King County is lagging the most.

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Median Price Fell Across King County in September
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Seattle Price Gains Slowest of Case-Shiller Cities in August

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