{"id":105195,"date":"2018-06-12T12:37:19","date_gmt":"2018-06-12T19:37:19","guid":{"rendered":"https:\/\/seattlebubble.com\/blog\/?p=105195"},"modified":"2018-06-12T12:38:16","modified_gmt":"2018-06-12T19:38:16","slug":"around-the-sound-king-county-sees-the-biggest-gains-in-listings","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2018\/06\/12\/around-the-sound-king-county-sees-the-biggest-gains-in-listings\/","title":{"rendered":"Around the Sound: King County sees the biggest gains in listings"},"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>We know that inventory is growing in King County, but let&#8217;s look at broader Puget Sound area. Now that May 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;\">May 2018<\/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>$726,275<\/td>\n<td>$500,000<\/td>\n<td>$355,000<\/td>\n<td>$360,000<\/td>\n<td>$310,000<\/td>\n<td>$372,750<\/td>\n<td>$350,000<\/td>\n<td>$396,250<\/td>\n<\/tr>\n<tr>\n<td>Price YOY<\/td>\n<td>+14.9%<\/td>\n<td>+11.1%<\/td>\n<td>+14.9%<\/td>\n<td>+16.1%<\/td>\n<td>+7.8%<\/td>\n<td>+15.6%<\/td>\n<td>+9.7%<\/td>\n<td>+13.2%<\/td>\n<\/tr>\n<tr>\n<td>New Listings<\/td>\n<td>4,207<\/td>\n<td>1,794<\/td>\n<td>2,227<\/td>\n<td>659<\/td>\n<td>763<\/td>\n<td>279<\/td>\n<td>284<\/td>\n<td>485<\/td>\n<\/tr>\n<tr>\n<td>New Listings YOY<\/td>\n<td>+16.9%<\/td>\n<td>+5.1%<\/td>\n<td>+5.2%<\/td>\n<td>+4.4%<\/td>\n<td>+7.5%<\/td>\n<td>-2.8%<\/td>\n<td>-2.1%<\/td>\n<td>-4.5%<\/td>\n<\/tr>\n<tr>\n<td>Active Inventory<\/td>\n<td>2,912<\/td>\n<td>1,246<\/td>\n<td>1,829<\/td>\n<td>497<\/td>\n<td>638<\/td>\n<td>301<\/td>\n<td>379<\/td>\n<td>557<\/td>\n<\/tr>\n<tr>\n<td>Inventory YOY<\/td>\n<td>+35.5%<\/td>\n<td>+11.4%<\/td>\n<td>+0.7%<\/td>\n<td>-22.0%<\/td>\n<td>-0.9%<\/td>\n<td>-21.0%<\/td>\n<td>+11.5%<\/td>\n<td>-11.3%<\/td>\n<\/tr>\n<tr>\n<td>Closed Sales<\/td>\n<td>2,474<\/td>\n<td>1,127<\/td>\n<td>1,450<\/td>\n<td>392<\/td>\n<td>471<\/td>\n<td>148<\/td>\n<td>185<\/td>\n<td>278<\/td>\n<\/tr>\n<tr>\n<td>Sales YOY<\/td>\n<td>-4.0%<\/td>\n<td>-1.8%<\/td>\n<td>-1.7%<\/td>\n<td>-9.5%<\/td>\n<td>+3.7%<\/td>\n<td>-5.1%<\/td>\n<td>+2.2%<\/td>\n<td>-8.3%<\/td>\n<\/tr>\n<tr>\n<td>Months of Supply<\/td>\n<td>1.2<\/td>\n<td>1.1<\/td>\n<td>1.3<\/td>\n<td>1.3<\/td>\n<td>1.4<\/td>\n<td>2.0<\/td>\n<td>2.0<\/td>\n<td>2.0<\/td>\n<\/tr>\n<\/table>\n<p>The biggest gains in new listings and active inventory were in King County. Snohomish and Pierce also saw some decent increases, but further out it&#8217;s more of a mixed bag, with some counties still seeing declining listings and inventory.<\/p>\n<p>Here&#8217;s a look at new listings across the region:<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/06\/Around-the-Sound-New-Listings_2018-05.png\" title=\"New Listings of Single-Family Homes\" rel=\"lightbox[105195]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/06\/Around-the-Sound-New-Listings_2018-05.png\" style=\"border: 0;\" title=\"New Listings of Single-Family Homes - Click to enlarge\" alt=\"New Listings of Single-Family Homes\" \/><\/a><\/p>\n<p>King, Snohomish, Pierce, Kitsap, and Thurston all saw year-over-year gains in new listings, while Island, Skagit, and Whatcom continued to fall.<\/p>\n<p>Next up: Active inventory.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/06\/Around-the-Sound-Listings_2018-05.png\" title=\"Active Listings of Single-Family Homes\" rel=\"lightbox[105195]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/06\/Around-the-Sound-Listings_2018-05.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>Inventory was up sizeably from year earlier in King, Snohomish, and Skagit. It barely increased in Pierce, and barely fell in Thurston. Kitsap, Island, and Whatcom were all down double digits from a year earlier.<\/p>\n<p>Here&#8217;s the chart of median prices compared to a year ago. Every county turned in a gain, with only Thurston and Skagit turning in single-digit price gains.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/06\/Around-the-Sound-Price_2018-05.png\" title=\"Median Sale Price Single-Family Homes\" rel=\"lightbox[105195]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/06\/Around-the-Sound-Price_2018-05.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>Six of the eight Puget Sound counties saw sales fall compared to a year ago.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/06\/Around-the-Sound-Sales_2018-05.png\" title=\"Closed Sales of Single-Family Homes\" rel=\"lightbox[105195]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/06\/Around-the-Sound-Sales_2018-05.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>We&#8217;re still deep in sellers&#8217; market territory, but all three of the central Puget Sound counties saw months of supply increase from a year ago.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/06\/Around-the-Sound-MOS_2018-05.png\" title=\"Months of Supply Single Family Homes\" rel=\"lightbox[105195]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/06\/Around-the-Sound-MOS_2018-05.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 May to the 2007 peak price in each county. Every Puget Sound has now exceeded the previous peak median price and is charting new territory.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/06\/Around-the-Sound-Peak-Price_2018-05.png\" title=\"Peak Median Sale Price Single-Family Homes\" rel=\"lightbox[105195]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/06\/Around-the-Sound-Peak-Price_2018-05.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: So far the inventory surge is mainly just happening in King County, but it looks like it might be starting to gain some steam in the other counties. The closer you are to Seattle, the more inventory seems to be increasing.<\/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>We know that inventory is growing in King County, but let&#8217;s look at broader Puget Sound area. Now that May 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>The biggest gains in new listings and active inventory were in King County. Snohomish and Pierce also saw some decent increases, but further out it&#8217;s more of a mixed bag, with some counties still seeing declining listings and inventory.<\/p>\n","protected":false},"author":2,"featured_media":105201,"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 sees the biggest gains in listings","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-105195","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 sees the biggest gains in listings \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\/06\/12\/around-the-sound-king-county-sees-the-biggest-gains-in-listings\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Around the Sound: King County sees the biggest gains in listings \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"We know that inventory is growing in King County, but let&#039;s look at broader Puget Sound area. Now that May is over, let&#039;s update our &quot;Around the Sound&quot; statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.  The biggest gains in new listings and active inventory were in King County. 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