{"id":104744,"date":"2017-08-01T10:35:14","date_gmt":"2017-08-01T17:35:14","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=104744"},"modified":"2017-08-01T10:35:14","modified_gmt":"2017-08-01T17:35:14","slug":"july-stats-preview-summer-snoozefest","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2017\/08\/01\/july-stats-preview-summer-snoozefest\/","title":{"rendered":"July Stats Preview: Summer Snoozefest"},"content":{"rendered":"

Let’s take a look at regular monthly “preview” charts. Now that July is in the past let’s take a look at the local housing market stats for the month. Short story: Inventory edged up again but is still at historic lows. Sales are slipping slightly year-over-year but are still quite strong.<\/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

July was pretty much the same story we’ve seen all year: Few listings, strong-ish sales, and almost zero foreclosures.<\/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 decreased eleven percent between June and July (a year ago they fell ten percent over the same period), and were down four 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 decreased nine percent month-over-month (vs. a one percent decrease in the same period last year) and were down two percent from July 2016.<\/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 33 percent from a year ago and Snohomish County foreclosure notices were down 48 percent from last year. Both counties are near their historic low levels for foreclosures.<\/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 49 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 11 percent between June and July in King County, but was still down 19 percent from a year earlier.<\/p>\n

In Snohomish County it was a similar story: Listings up 10 percent month-over-month but down 10 percent year-over-year.<\/p>\n

In both counties the month-over-month increase in listings for July was on par with where it was over the same period 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":"

Let’s take a look at regular monthly “preview” charts. Now that July is in the past let’s take a look at the local housing market stats for the month. Short story: Inventory edged up again but is still at historic lows. Sales are slipping slightly year-over-year but are still quite strong. Here’s the snapshot of…<\/p>\n","protected":false},"author":2,"featured_media":104748,"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: July Stats Preview: Summer Snoozefest","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-104744","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":"\nJuly Stats Preview: Summer Snoozefest \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\/2017\/08\/01\/july-stats-preview-summer-snoozefest\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"July Stats Preview: Summer Snoozefest \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let’s take a look at regular monthly “preview” charts. 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