{"id":103976,"date":"2016-07-14T11:49:30","date_gmt":"2016-07-14T18:49:30","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=103976"},"modified":"2016-07-14T11:49:30","modified_gmt":"2016-07-14T18:49:30","slug":"around-the-sound-king-county-slightly-less-bleak","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2016\/07\/14\/around-the-sound-king-county-slightly-less-bleak\/","title":{"rendered":"Around The Sound: King County Slightly Less Bleak For Buyers Than Surrounding Region"},"content":{"rendered":"<p><em>Get access to the full spreadsheets used to make the charts in this and other posts, and support the ongoing work on this site by <a href=\"http:\/\/seattlebubble.com\/blog\/membership\/\" title=\"Seattle Bubble Membership\">becoming a member of Seattle Bubble<\/a>.<\/em><\/p>\n<p>Let&#8217;s have a look at our housing stats for the broader Puget Sound area. Here&#8217;s your June update to our &#8220;Around the Sound&#8221; statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.<\/p>\n<p>Recently we&#8217;re beginning to see some interesting differences between King County and the other counties in the region&#8230;<\/p>\n<p>First up, a summary table:<\/p>\n<style>.CNNTable {margin: 5px auto 15px;} .CNNTable td {padding: 0px 5px 0px 0px; text-align: right; font-size: .9em;} .top_row {font-weight: bold;} .CNNTable th {padding: 0px 5px 0px 0px; text-align:right;} .CNNTable img {border:0;margin:0;}<\/style>\n<table class=\"CNNTable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th style=\"font-size: 105%; border-top: 0; border-left: 0;\">June 2016<\/th>\n<th>King<\/th>\n<th>Snohomish<\/th>\n<th>Pierce<\/th>\n<th>Kitsap<\/th>\n<th>Thurston<\/th>\n<th>Island<\/th>\n<th>Skagit<\/th>\n<th>Whatcom<\/th>\n<\/tr>\n<tr>\n<td>Median Price<\/td>\n<td>$573,522<\/td>\n<td>$395,000<\/td>\n<td>$284,200<\/td>\n<td>$299,975<\/td>\n<td>$268,000<\/td>\n<td>$329,000<\/td>\n<td>$302,000<\/td>\n<td>$316,000<\/td>\n<\/tr>\n<tr>\n<td>Price YOY<\/td>\n<td>14.7%<\/td>\n<td>9.7%<\/td>\n<td>10.6%<\/td>\n<td>11.1%<\/td>\n<td>7.2%<\/td>\n<td>10.3%<\/td>\n<td>22.5%<\/td>\n<td>7.1%<\/td>\n<\/tr>\n<tr>\n<td>Active Listings<\/td>\n<td>3,177<\/td>\n<td>1,529<\/td>\n<td>2,322<\/td>\n<td>758<\/td>\n<td>989<\/td>\n<td>492<\/td>\n<td>508<\/td>\n<td>860<\/td>\n<\/tr>\n<tr>\n<td>Listings YOY<\/td>\n<td>-7.1%<\/td>\n<td>-22.6%<\/td>\n<td>-20.6%<\/td>\n<td>-17.6%<\/td>\n<td>-10.3%<\/td>\n<td>-17.4%<\/td>\n<td>-15.9%<\/td>\n<td>-19.5%<\/td>\n<\/tr>\n<tr>\n<td>Closed Sales<\/td>\n<td>2,894<\/td>\n<td>1,223<\/td>\n<td>1,487<\/td>\n<td>470<\/td>\n<td>480<\/td>\n<td>227<\/td>\n<td>215<\/td>\n<td>335<\/td>\n<\/tr>\n<tr>\n<td>Sales YOY<\/td>\n<td>-0.3%<\/td>\n<td>6.0%<\/td>\n<td>10.6%<\/td>\n<td>14.4%<\/td>\n<td>5.5%<\/td>\n<td>33.5%<\/td>\n<td>10.8%<\/td>\n<td>5.7%<\/td>\n<\/tr>\n<tr>\n<td>Months of Supply<\/td>\n<td>1.1<\/td>\n<td>1.3<\/td>\n<td>1.6<\/td>\n<td>1.6<\/td>\n<td>2.1<\/td>\n<td>2.2<\/td>\n<td>2.4<\/td>\n<td>2.6<\/td>\n<\/tr>\n<\/table>\n<p>With far and away the highest median price, King County is the only county where sales are not increasing year-over-year. King County is also an outlier with the smallest year-over-year decline in listings. Every other county saw a double-digit drop in listings, while King County is aproaching a flatline on inventory.<\/p>\n<p>Prices are up across the board from a year ago. Skagit turned in the largest increase on a percentage basis.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/07\/Around-the-Sound-Price_2016-06.png\" title=\"Median Sale Price Single-Family Homes\" rel=\"lightbox[103976]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/07\/Around-the-Sound-Price_2016-06.png\" style=\"border: 0;\" title=\"Median Sale Price Single-Family Homes - Click to enlarge\" alt=\"Median Sale Price Single-Family Homes\" \/><\/a><\/p>\n<p>Listings are down from a year ago across the board, but the drop in King County is actually the smallest that it&#8217;s been in a while, down &#8220;just&#8221; seven percent. The biggest dips were in Snohomish and Pierce Counties, which were both down by over 20 percent from a year earlier.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/07\/Around-the-Sound-Listings_2016-06.png\" title=\"Active Listings of Single-Family Homes\" rel=\"lightbox[103976]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/07\/Around-the-Sound-Listings_2016-06.png\" style=\"border: 0;\" title=\"Active Listings of Single-Family Homes - Click to enlarge\" alt=\"Active Listings of Single-Family Homes\" \/><\/a><\/p>\n<p>Closed sales were up in every county <em>except<\/em> King in June. The biggest gains were in Island County, which saw closed sales increase 34 percent from a year ago. Kitsap, Pierce, and Skagit also had double-digit gains.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/07\/Around-the-Sound-Sales_2016-06.png\" title=\"Closed Sales of Single-Family Homes\" rel=\"lightbox[103976]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/07\/Around-the-Sound-Sales_2016-06.png\" style=\"border: 0;\" title=\"Closed Sales of Single-Family Homes - Click to enlarge\" alt=\"Closed Sales of Single-Family Homes\" \/><\/a><\/p>\n<p>Months of supply is downright bleak for buyers across the board. Every single county had fewer months of supply this June than it did a year ago. It&#8217;s still a very strong seller&#8217;s market everywhere.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/07\/Around-the-Sound-MOS_2016-06.png\" title=\"Months of Supply Single Family Homes\" rel=\"lightbox[103976]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/07\/Around-the-Sound-MOS_2016-06.png\" style=\"border: 0;\" title=\"Months of Supply Single Family Homes - Click to enlarge\" alt=\"Months of Supply Single Family Homes\" \/><\/a><\/p>\n<p>Finally, here&#8217;s a chart comparing the median price in March to the 2007 peak price in each county. King, Snohomish, and Whatcom counties have all posted prices above the previous peak, while the rest of the counties are still just barely shy of hitting that mark.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/07\/Around-the-Sound-Peak-Price_2016-06.png\" title=\"Peak Median Sale Price Single-Family Homes\" rel=\"lightbox[103976]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/07\/Around-the-Sound-Peak-Price_2016-06.png\" style=\"border: 0;\" title=\"Peak Median Sale Price Single-Family Homes - Click to enlarge\" alt=\"Peak Median Sale Price Single-Family Homes\" \/><\/a><\/p>\n<p>In summary: The market is still demoralizing for buyers. Oddly, it&#8217;s slightly less terrible in King County than it is everywhere else, but that&#8217;s not saying much.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Get access to the full spreadsheets used to make the charts in this and other posts, and support the ongoing work on this site by becoming a member of Seattle Bubble. Let&#8217;s have a look at our housing stats for the broader Puget Sound area. Here&#8217;s your June update to our &#8220;Around the Sound&#8221; statistics&#8230;<\/p>\n","protected":false},"author":2,"featured_media":103978,"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: Around The Sound: King County Slightly Less Bleak For Buyers Than Surrounding Region","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":[458,222,129,58,261,6,259,254,262,169,200,260,514],"coauthors":[1158],"class_list":["post-103976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-around-the-sound","tag-graphs","tag-inventory","tag-king_county","tag-kitsap","tag-nwmls","tag-pierce","tag-sales","tag-skagit","tag-snohomish","tag-statistics","tag-thurston","tag-whatcom"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Around The Sound: King County Slightly Less Bleak For Buyers Than Surrounding Region \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\/07\/14\/around-the-sound-king-county-slightly-less-bleak\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Around The Sound: King County Slightly Less Bleak For Buyers Than Surrounding Region \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Get access to the full spreadsheets used to make the charts in this and other posts, and support the ongoing work on this site by becoming a member of Seattle Bubble. 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