{"id":104831,"date":"2017-10-02T09:42:30","date_gmt":"2017-10-02T16:42:30","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=104831"},"modified":"2017-10-02T09:42:30","modified_gmt":"2017-10-02T16:42:30","slug":"september-stats-preview-last-gasp-inventory-2017","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2017\/10\/02\/september-stats-preview-last-gasp-inventory-2017\/","title":{"rendered":"September Stats Preview: The Last Gasp of Inventory in 2017"},"content":{"rendered":"

Let’s take a look at regular monthly “preview” charts. Now that September is in the past let’s take a look at the local housing market stats for the month. Short story: Inventory hit the highest point since a year ago in King County and were just slightly below last month’s high in Snohomish. Sales are still strong, and foreclosures are nearly non-existent.<\/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

Sadly I have nothing particularly new or interesting to share about what happened in the market in September. It’s more of the same cruddy market for buyers: Listings are scarce and sales are still strong.<\/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 fourteen percent between August and September (a year ago they fell eleven percent over the same period), and were down five 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 thirteen percent month-over-month (vs. a seven percent decrease in the same period last year) and were down two percent from August.<\/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 34 percent from a year ago and Snohomish County foreclosure notices were down 49 percent from last year. Both counties are still basically at 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 42 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 nine percent between August and September in King County, but was still down 17 percent from a year earlier.<\/p>\n

In Snohomish County listings were down just barely month-over-month and down 14 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":"

Let’s take a look at regular monthly “preview” charts. Now that September is in the past let’s take a look at the local housing market stats for the month. Short story: Inventory hit the highest point since a year ago in King County and were just slightly below last month’s high in Snohomish. Sales are still strong, and foreclosures are nearly non-existent.<\/p>\n

Sadly I have nothing particularly new or interesting to share about what happened in the market in September. It’s more of the same cruddy market for buyers: Listings are scarce and sales are still strong…<\/p>\n","protected":false},"author":2,"featured_media":104835,"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: September Stats Preview: The Last Gasp of Inventory in 2017","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-104831","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":"\nSeptember Stats Preview: The Last Gasp of Inventory in 2017 \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\/10\/02\/september-stats-preview-last-gasp-inventory-2017\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"September Stats Preview: The Last Gasp of Inventory in 2017 \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let's take a look at regular monthly "preview" charts. 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