{"id":104148,"date":"2016-11-01T10:39:16","date_gmt":"2016-11-01T17:39:16","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=104148"},"modified":"2016-11-01T10:39:16","modified_gmt":"2016-11-01T17:39:16","slug":"october-stats-preview-year-end-listings-decline-begins","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2016\/11\/01\/october-stats-preview-year-end-listings-decline-begins\/","title":{"rendered":"October Stats Preview: The Year-End Listings Decline Begins"},"content":{"rendered":"

October is done, so let’s take a look at the local housing market stats for the month. Short story: the typical seasonal drop in listings and sales is well underway. Listings dropped quite a bit from the previous month, back into negative year-over-year territory.<\/p>\n

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

Sales came in stronger than last year even though they fell from September to October. Listings dropped in both counties. Foreclosures are still at their historic lows.<\/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 fell 6 percent between September and October (a year ago they fell 8 percent over the same period), and were up 5 percent year-over-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 fell 11 percent month-over-month (vs. a 14 percent decrease in the same period last year) and were up 11 percent from October 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 35 percent from a year ago and Snohomish County foreclosure notices were down 27 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 down 51 percent from a year ago, hitting their lowest point since June 2007.<\/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 fell 17 percent between September and October in King County, and was down 2 percent from a year ago. This is a flip from last month when listings were up month-over-month and year-over-year.<\/p>\n

In Snohomish County it was the same story between September and October: Listings down 15 percent month-over-month and down 18 percent year-over-year.<\/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":"

October is done, so let’s take a look at the local housing market stats for the month. Short story: the typical seasonal drop in listings and sales is well underway. Listings dropped quite a bit from the previous month, back into negative year-over-year territory.<\/p>\n

Sales came in stronger than last year even though they fell from September to October. Listings dropped in both counties. Foreclosures are still at their historic lows…<\/p>\n","protected":false},"author":2,"featured_media":0,"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: October Stats Preview: The Year-End Listings Decline Begins","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-104148","post","type-post","status-publish","format-standard","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":"\nOctober Stats Preview: The Year-End Listings Decline Begins \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\/11\/01\/october-stats-preview-year-end-listings-decline-begins\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"October Stats Preview: The Year-End Listings Decline Begins \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"October is done, so let's take a look at the local housing market stats for the month. 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