{"id":105452,"date":"2018-10-08T08:00:40","date_gmt":"2018-10-08T15:00:40","guid":{"rendered":"https:\/\/seattlebubble.com\/blog\/?p=105452"},"modified":"2018-10-08T09:02:26","modified_gmt":"2018-10-08T16:02:26","slug":"around-the-sound-inventory-growth-sales-declines-spread-outside-of-king-county","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2018\/10\/08\/around-the-sound-inventory-growth-sales-declines-spread-outside-of-king-county\/","title":{"rendered":"Around the Sound: Inventory growth, sales declines spread outside of King County"},"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>With September&#8217;s stats in hand, let&#8217;s look at broader Puget Sound area. Here&#8217;s the latest update to 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;\">September 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>$668,000<\/td>\n<td>$484,995<\/td>\n<td>$352,750<\/td>\n<td>$355,706<\/td>\n<td>$317,150<\/td>\n<td>$362,750<\/td>\n<td>$365,000<\/td>\n<td>$378,000<\/td>\n<\/tr>\n<tr>\n<td>Price YOY<\/td>\n<td>+6.9%<\/td>\n<td>+7.8%<\/td>\n<td>+10.7%<\/td>\n<td>+12.9%<\/td>\n<td>+7.5%<\/td>\n<td>-2.0%<\/td>\n<td>+10.7%<\/td>\n<td>+8.0%<\/td>\n<\/tr>\n<tr>\n<td>New Listings<\/td>\n<td>3,280<\/td>\n<td>1,350<\/td>\n<td>1,458<\/td>\n<td>419<\/td>\n<td>495<\/td>\n<td>155<\/td>\n<td>197<\/td>\n<td>281<\/td>\n<\/tr>\n<tr>\n<td>New Listings YOY<\/td>\n<td>+7.9%<\/td>\n<td>+6.0%<\/td>\n<td>-7.3%<\/td>\n<td>-10.1%<\/td>\n<td>+7.1%<\/td>\n<td>-7.7%<\/td>\n<td>-6.2%<\/td>\n<td>-5.1%<\/td>\n<\/tr>\n<tr>\n<td>Active Inventory<\/td>\n<td>5,213<\/td>\n<td>2,213<\/td>\n<td>2,611<\/td>\n<td>762<\/td>\n<td>849<\/td>\n<td>395<\/td>\n<td>486<\/td>\n<td>660<\/td>\n<\/tr>\n<tr>\n<td>Inventory YOY<\/td>\n<td>+67.9%<\/td>\n<td>+40.2%<\/td>\n<td>+6.5%<\/td>\n<td>+4.7%<\/td>\n<td>+11.3%<\/td>\n<td>-7.9%<\/td>\n<td>+0.2%<\/td>\n<td>-17.7%<\/td>\n<\/tr>\n<tr>\n<td>Closed Sales<\/td>\n<td>1,833<\/td>\n<td>955<\/td>\n<td>1,256<\/td>\n<td>395<\/td>\n<td>474<\/td>\n<td>148<\/td>\n<td>171<\/td>\n<td>274<\/td>\n<\/tr>\n<tr>\n<td>Sales YOY<\/td>\n<td>-27.0%<\/td>\n<td>-20.6%<\/td>\n<td>-17.7%<\/td>\n<td>-18.0%<\/td>\n<td>-14.9%<\/td>\n<td>-12.4%<\/td>\n<td>-3.9%<\/td>\n<td>+5.4%<\/td>\n<\/tr>\n<tr>\n<td>Months of Supply<\/td>\n<td>2.8<\/td>\n<td>2.3<\/td>\n<td>2.1<\/td>\n<td>1.9<\/td>\n<td>1.8<\/td>\n<td>2.7<\/td>\n<td>2.8<\/td>\n<td>2.4<\/td>\n<\/tr>\n<\/table>\n<p>The biggest gains in new listings and active inventory are still in King County. Snohomish, Pierce, Kitsap and Thurston all also saw some decent gains in inventory, but in Island, Skagit, and Whatcom inventory was flat or still down. Meanwhile, closed sales are falling everywhere but Whatcom.<\/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\/10\/Around-the-Sound-New-Listings_2018-09.png\" title=\"New Listings of Single-Family Homes\" rel=\"lightbox[105452]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Around-the-Sound-New-Listings_2018-09.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>Only King, Snohomish, and Thurston saw year-over-year gains in new listings, while Pierce, Kitsap, Island, Skagit, and Whatcom all 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\/10\/Around-the-Sound-Listings_2018-09.png\" title=\"Active Listings of Single-Family Homes\" rel=\"lightbox[105452]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Around-the-Sound-Listings_2018-09.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 Thurston. It also edged up in Pierce and Kitsap. Meanwhile, inventory in Whatcom county has been down double-digits for the past five months in a row.<\/p>\n<p>Here&#8217;s the chart of median prices compared to a year ago. Island County actually saw a slight <em>decrease<\/em> in prices, but they were still up everywhere else.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Around-the-Sound-Price_2018-09.png\" title=\"Median Sale Price Single-Family Homes\" rel=\"lightbox[105452]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Around-the-Sound-Price_2018-09.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>Sales are now significantly declining pretty much everywhere but the furthest-out counties. Skagit saw just a 3.9 percent drop and Whatcom saw a 5.4 percent gain, but every other county had double-digit declines.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Around-the-Sound-Sales_2018-09.png\" title=\"Closed Sales of Single-Family Homes\" rel=\"lightbox[105452]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Around-the-Sound-Sales_2018-09.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 <em>still<\/em> in a major sellers&#8217; market\u2026 <em>but<\/em> the trend looks at least somewhat hopeful for buyers, with every county except Whatcom inching closer to that magical &#8220;balanced market&#8221; number of six months of supply.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Around-the-Sound-MOS_2018-09.png\" title=\"Months of Supply Single Family Homes\" rel=\"lightbox[105452]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Around-the-Sound-MOS_2018-09.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>In summary: The inventory surge has spread outside of King County, as sales slow and listings pile up. The one notable exception to this trend so far is up north in Whatcom County. I&#8217;m not sure exactly what&#8217;s going on up there, but for some reason the market up there is not cooling down this year the way it is pretty much everywhere else.<\/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>With September&#8217;s stats in hand, let&#8217;s look at broader Puget Sound area. Here&#8217;s the latest update to our &#8220;Around the Sound&#8221; statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.<br \/>\n\u2026<br \/>\nThe biggest gains in new listings and active inventory are still in King County. Snohomish, Pierce, Kitsap and Thurston all also saw some decent gains in inventory, but in Island, Skagit, and Whatcom inventory was flat or still down. Meanwhile, closed sales are falling everywhere but Whatcom.<\/p>\n","protected":false},"author":2,"featured_media":105455,"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: Inventory growth, sales declines spread outside of King County","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-105452","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: Inventory growth, sales declines spread outside of King County \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\/10\/08\/around-the-sound-inventory-growth-sales-declines-spread-outside-of-king-county\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Around the Sound: Inventory growth, sales declines spread outside of King County \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"With September&#039;s stats in hand, let&#039;s look at broader Puget Sound area. Here&#039;s the latest update to our &quot;Around the Sound&quot; statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties. \u2026 The biggest gains in new listings and active inventory are still in King County. Snohomish, Pierce, Kitsap and Thurston all also saw some decent gains in inventory, but in Island, Skagit, and Whatcom inventory was flat or still down. 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