{"id":103858,"date":"2016-06-07T07:10:05","date_gmt":"2016-06-07T14:10:05","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=103858"},"modified":"2016-06-07T07:10:05","modified_gmt":"2016-06-07T14:10:05","slug":"may-stats-preview-another-terrible-month-buyers","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2016\/06\/07\/may-stats-preview-another-terrible-month-buyers\/","title":{"rendered":"May Stats Preview: Another Terrible Month for Buyers"},"content":{"rendered":"

This post is a little tardy, but I wanted to make sure these charts were posted nonetheless. I’ll post yesterday’s NWMLS numbers a little later this morning. First up, here’s the snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series:<\/p>\n

\"King<\/p>\n

Unfortunately there isn’t really any good news in the May data for home buyers. Sales remain strong and inventory is still flatlined near all-time lows. Foreclosures also remain near their all-time low levels.<\/p>\n

Next, let’s look at total home sales as measured by the number of “Warranty Deeds” filed with King County:<\/p>\n

\"King<\/a><\/p>\n

Sales in King County increased 10 percent between April and May (a year ago they rose 6 percent over the same period), and were down<\/strong> 1 percent year-over-year. Still a slight decrease from the previous month during a time that typically sees gains, but overall sale levels are still fairly strong. It doesn’t look like competition is going to lighten up much this year.<\/p>\n

Here’s a look at Snohomish County Deeds, but keep in mind that Snohomish County files Warranty Deeds (regular sales) and Trustee Deeds (bank foreclosure repossessions) together under the category of “Deeds (except QCDS),” so this chart is not as good a measure of plain vanilla sales as the Warranty Deed only data we have in King County.<\/p>\n

\"Snohomish<\/a><\/p>\n

Deeds in Snohomish rose 13 percent month-over-month (vs. an 8 percent decrease in the same period last year) and were up<\/strong> 13 percent from April 2015.<\/p>\n

Next, here’s Notices of Trustee Sale, which are an indication of the number of homes currently in the foreclosure process<\/a>:<\/p>\n

\"King<\/a><\/p>\n

\"Snohomish<\/a><\/p>\n

Foreclosure notices in King County were down 26 percent from a year ago and Snohomish County foreclosure notices were up 2 percent from last year.<\/p>\n

Here’s another measure of foreclosures for King County, looking at Trustee Deeds, which is the type of document filed with the county when the bank actually repossesses a house through the trustee auction process. Note that there are other ways for the bank to repossess a house that result in different documents being filed, such as when a borrower “turns in the keys” and files a “Deed in Lieu of Foreclosure.”<\/p>\n

\"King<\/a><\/p>\n

Trustee Deeds were up 15 percent from a year ago.<\/p>\n

Lastly, here’s an update of the inventory charts, updated with previous months’ inventory data from the NWMLS.<\/p>\n

\"King<\/a><\/p>\n

\"Snohomish<\/a><\/p>\n

Inventory rose just 4 percent between April and May in King County. Active listing inventory was down 18 percent from a year ago. Snohomish County it’s a similar story: Listings were up 3 percent from April, but still down 26 percent from a year ago.<\/p>\n

Note that most of the charts above are based on broad county-wide data that is available through a simple search of King County<\/a> and Snohomish County<\/a> public records. If you have additional stats you’d like to see in the preview, drop a line in the comments and I’ll see what I can do.<\/p>\n

Stay tuned later this month a for more detailed look at each of these metrics as the “official” data is released from various sources.<\/p>\n","protected":false},"excerpt":{"rendered":"

This post is a little tardy, but I wanted to make sure these charts were posted nonetheless. I’ll post yesterday’s NWMLS numbers a little later this morning. First up, here’s the snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series:…<\/p>\n","protected":false},"author":2,"featured_media":103863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"On the blog: May Stats Preview: Another Terrible Month for Buyers","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616],"tags":[567,7,129,694,419,568,254,169,897,200,570,569],"coauthors":[1158],"class_list":["post-103858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-county-records","tag-foreclosures","tag-inventory","tag-king","tag-notice-of-trustee-sale","tag-preview","tag-sales","tag-snohomish","tag-sparklines","tag-statistics","tag-trustee-deeds","tag-warranty-deeds"],"yoast_head":"\nMay Stats Preview: Another Terrible Month for Buyers \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2016\/06\/07\/may-stats-preview-another-terrible-month-buyers\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"May Stats Preview: Another Terrible Month for Buyers \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"This post is a little tardy, but I wanted to make sure these charts were posted nonetheless. 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