{"id":104967,"date":"2018-01-10T10:28:27","date_gmt":"2018-01-10T18:28:27","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=104967"},"modified":"2018-01-10T10:28:27","modified_gmt":"2018-01-10T18:28:27","slug":"around-sound-2017-puget-sound-market-wrap","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2018\/01\/10\/around-sound-2017-puget-sound-market-wrap\/","title":{"rendered":"Around the Sound: 2017 Puget Sound market wrap-up"},"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>It has been quite a while since we looked at the housing stats for the broader Puget Sound area. Now that 2017 is over, let&#8217;s update our &#8220;Around the Sound&#8221; statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.<\/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;\">December 2017<\/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>$635,000<\/td>\n<td>$449,950<\/td>\n<td>$319,900<\/td>\n<td>$315,000<\/td>\n<td>$285,000<\/td>\n<td>$325,000<\/td>\n<td>$311,000<\/td>\n<td>$350,000<\/td>\n<\/tr>\n<tr>\n<td>Price YOY<\/td>\n<td>+15.5%<\/td>\n<td>+12.5%<\/td>\n<td>+12.2%<\/td>\n<td>+11.1%<\/td>\n<td>+2.2%<\/td>\n<td>+4.8%<\/td>\n<td>+10.8%<\/td>\n<td>+7.2%<\/td>\n<\/tr>\n<tr>\n<td>Active Listings<\/td>\n<td>1,168<\/td>\n<td>625<\/td>\n<td>1,447<\/td>\n<td>380<\/td>\n<td>468<\/td>\n<td>262<\/td>\n<td>290<\/td>\n<td>447<\/td>\n<\/tr>\n<tr>\n<td>Listings YOY<\/td>\n<td>-28.7%<\/td>\n<td>-30.8%<\/td>\n<td>-12.7%<\/td>\n<td>-39.6%<\/td>\n<td>-30.9%<\/td>\n<td>-19.9%<\/td>\n<td>-11.9%<\/td>\n<td>-9.3%<\/td>\n<\/tr>\n<tr>\n<td>Closed Sales<\/td>\n<td>2,094<\/td>\n<td>1,032<\/td>\n<td>1,276<\/td>\n<td>389<\/td>\n<td>414<\/td>\n<td>137<\/td>\n<td>150<\/td>\n<td>226<\/td>\n<\/tr>\n<tr>\n<td>Sales YOY<\/td>\n<td>-2.8%<\/td>\n<td>+10.0%<\/td>\n<td>+1.9%<\/td>\n<td>-10.0%<\/td>\n<td>-1.0%<\/td>\n<td>+6.2%<\/td>\n<td>-12.8%<\/td>\n<td>-1.7%<\/td>\n<\/tr>\n<tr>\n<td>Months of Supply<\/td>\n<td>0.6<\/td>\n<td>0.6<\/td>\n<td>1.1<\/td>\n<td>1.0<\/td>\n<td>1.1<\/td>\n<td>1.9<\/td>\n<td>1.9<\/td>\n<td>2.0<\/td>\n<\/tr>\n<\/table>\n<p>Prices are climbing and listings are declining across the board, but sales were strangely mixed. December closed sales were up from a year earlier in Snohomish, Pierce, and Island counties, while falling everywhere else.<\/p>\n<p>Here&#8217;s the chart of median prices compared to a year ago. Every county turned in a gain, with the smallest increases seen in Thurston and Island, and the largest in King and Snohomish.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-Price_2017-12.png\" title=\"Median Sale Price Single-Family Homes\" rel=\"lightbox[104967]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-Price_2017-12.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 were down significantly from a year earlier everywhere across the board. The last time <em>any<\/em> of the Puget Sound counties saw a year-over-year increase in inventory was August and September in Whatcom County. King, Snohomish, Pierce, Thurston, Island, and Skagit have all been in the red for a year or more.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-Listings_2017-12.png\" title=\"Active Listings of Single-Family Homes\" rel=\"lightbox[104967]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-Listings_2017-12.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>Despite the decrease in listings, closed sales were up ten percent in Snohomish County, and also saw slight increases in Island and Pierce. Sales were down everywhere else, with the largest year-over-year decline seen in Skagit County at -13 percent.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-Sales_2017-12.png\" title=\"Closed Sales of Single-Family Homes\" rel=\"lightbox[104967]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-Sales_2017-12.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 minuscule everywhere. What else is there to say?<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-MOS_2017-12.png\" title=\"Months of Supply Single Family Homes\" rel=\"lightbox[104967]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-MOS_2017-12.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 December to the 2007 peak price in each county. Every Puget Sound county <em>except<\/em> for Island County has now exceeded the previous peak median price.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-Peak-Price_2017-12.png\" title=\"Peak Median Sale Price Single-Family Homes\" rel=\"lightbox[104967]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-Peak-Price_2017-12.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: There&#8217;s never been a better time to <em>sell<\/em> a home in the Puget Sound, and arguably there&#8217;s never been a <em>worse<\/em> time to <em>buy<\/em>.<\/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>It has been quite a while since we looked at the housing stats for the broader Puget Sound area. Now that 2017 is over, let&#8217;s update our &#8220;Around the Sound&#8221; statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.<\/p>\n<p>Prices are climbing and listings are declining across the board, but sales were strangely mixed. December closed sales were up from a year earlier in Snohomish, Pierce, and Island counties, while falling everywhere else\u2026<\/p>\n","protected":false},"author":2,"featured_media":104969,"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: 2017 Puget Sound market wrap-up","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-104967","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: 2017 Puget Sound market wrap-up \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\/2018\/01\/10\/around-sound-2017-puget-sound-market-wrap\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Around the Sound: 2017 Puget Sound market wrap-up \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"It has been quite a while since we looked at the housing stats for the broader Puget Sound area. Now that 2017 is over, let&#039;s update our &quot;Around the Sound&quot; statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.  Prices are climbing and listings are declining across the board, but sales were strangely mixed. December closed sales were up from a year earlier in Snohomish, Pierce, and Island counties, while falling everywhere else\u2026\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-Price_2017-12.png\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/10\/around-sound-2017-puget-sound-market-wrap\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/10\/around-sound-2017-puget-sound-market-wrap\/\",\"name\":\"Around the Sound: 2017 Puget Sound market wrap-up \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/10\/around-sound-2017-puget-sound-market-wrap\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/10\/around-sound-2017-puget-sound-market-wrap\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-Price_2017-12.png\",\"datePublished\":\"2018-01-10T18:28:27+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/10\/around-sound-2017-puget-sound-market-wrap\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2018\/01\/10\/around-sound-2017-puget-sound-market-wrap\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/10\/around-sound-2017-puget-sound-market-wrap\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-Price_2017-12.png\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Around-the-Sound-Price_2017-12.png\",\"width\":915,\"height\":666},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/10\/around-sound-2017-puget-sound-market-wrap\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Around the Sound: 2017 Puget Sound market wrap-up\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. 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