Around the Sound: Inventory up, sales down across the board

It’s been a few months since we had a look at the stats in the broader Puget Sound area, so let’s update our charts through March. Here’s the latest update to our “Around the Sound” statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.

King County still has some of the most dramatic changes, as the only county with a drop in the median price and by far the biggest increase in active listings. That said, active listings are up and closed sales are down across the board. Skagit, Kitsap, Pierce, and Thurston all still saw double-digit year-over-year declines in sales…

NWMLS: Prices down, listings way up, sales flat from a year ago

The NWMLS published their March stats today, so let’s take a look at how the month shook out for the housing market. The King County median price of single-family homes was down year-over-year in March, falling more than it has since March of 2012. Inventory was up from a year ago again, but the increase was the smallest in the last five months. Pending sales recovered from the February snow storm dip, but were only up five percent…

March Stats Preview: Inventory still up big, but gains slow even as home sales slip

Let’s take a look at our early March housing stats.

Overall the market is still moving in a direction favorable to buyers, but more slowly than it was late last year. By March of this year inventory is already at levels that it didn’t hit until May or June last year. Meanwhile, sales are still down from a year earlier. Foreclosures are still not really an issue at all right now…

Case-Shiller: Seattle home price gains below average in January

It’s been a while since we posted our Case-Shiller charts and dashboards, so let’s have a look at the latest data from the Case-Shiller Home Price Index. According to January data that was released yesterday, Seattle-area home prices were: Down 0.3 percent December to January…

NWMLS: Home prices back in black, snow storm freezes out pending sales

Let’s play some catchup and take a look at February market stats from the NWMLS. The King County median price of single-family homes was basically flat year-over-year in February, inventory was way up from a year ago but not by as much as it has been, and pending sales slipped thanks to the nasty weather…

NWMLS: Home prices are falling and inventory is soaring, but pending sales are bouncing back

January market stats were published by the NWMLS yesterday. The King County median price of single-family homes fell year-over-year for the first time since March of 2012. Inventory is way up from a year ago, but pending sales started increasing year-over-year, so buyers may be coming back.

January Stats Preview: Inventory starts off 2019 with a three-month head start over 2018

Let’s take a look at our early January housing stats. Better late than never, right?

Overall the story is still improving for buyers. Inventory in January was comparable to April or May of last year, a huge increase. Sales were down from a year ago, and foreclosures are still nearly non-existent…