It’s time for us to check up on stats outside of the King/Snohomish core with our “Around the Sound” statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.
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:
| March 2014 | King | Snohomish | Pierce | Kitsap | Thurston | Island | Skagit | Whatcom |
|---|---|---|---|---|---|---|---|---|
| Median Price | $414,950 | $314,975 | $230,000 | $226,500 | $224,000 | $245,149 | $233,000 | $250,750 |
| Price YOY | 5.9% | 9.4% | 13.3% | -4.2% | 1.8% | -19.9% | 11.0% | 3.4% |
| Active Listings | 3,258 | 1,780 | 2,948 | 1,091 | 1,033 | 599 | 619 | 981 |
| Listings YOY | 9.6% | 41.6% | 16.4% | -9.0% | 1.1% | -6.0% | -8.7% | -3.6% |
| Closed Sales | 1,772 | 766 | 855 | 242 | 233 | 92 | 113 | 190 |
| Sales YOY | -2.9% | -3.5% | -2.6% | 3.4% | -9.0% | 21.1% | 5.6% | 17.3% |
| Months of Supply | 1.8 | 2.3 | 3.4 | 4.5 | 4.4 | 6.5 | 5.5 | 5.2 |
Next let’s take a look at median prices in March compared to a year earlier. The biggest price gains in March were in Pierce and Skagit Counties, which both came in at more than ten percent higher than a year ago. Prices were only down from 2013 in Kitsap and Island Counties.
Listings are still increasing year-over-year in King, Snohomish, Pierce, and Thurston. Listings were down from a year ago in Kitsap, Island, Skagit, and Whatcom. Snohomish county saw listings surge 42 percent from a year earlier.
Closed sales fell in March in King, Snohomish, Pierce, and Kitsap, but were up from a year ago in all the other counties.
Here’s a chart showing months of supply this March and last March. The market was more balanced in King, Snohomish, Pierce, Thurston, and Island, and less balanced (skewing toward sellers) elsewhere.
To close things out, here’s a chart comparing March’s median price to the peak price in each county. Everybody is still down between 14 percent (King) and 30 percent (Island).
We’re still seeing more changes toward a buyer’s market in the closer-in counties of King, Snohomish, Pierce, and Thurston. It’s definitely interesting that Snohomish is the only market that’s seeing big surges in inventory.