{"id":105589,"date":"2019-01-04T12:21:27","date_gmt":"2019-01-04T20:21:27","guid":{"rendered":"https:\/\/seattlebubble.com\/blog\/?p=105589"},"modified":"2019-01-04T12:22:34","modified_gmt":"2019-01-04T20:22:34","slug":"december-stats-preview-highest-december-listings-since-2013","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2019\/01\/04\/december-stats-preview-highest-december-listings-since-2013\/","title":{"rendered":"December Stats Preview: Highest December listings since 2013"},"content":{"rendered":"

Remember, you can always get access to the Seattle Bubble spreadsheets by supporting my ongoing work as a member of Seattle Bubble<\/a>.<\/em><\/p>\n

Now that 2018 is completely over, let’s take our first look at the December housing market stats for King and Snohomish counties.<\/p>\n

It’s pretty much the same story we’ve seen the past few months, which is good news for buyers: The number of home sales is falling and the number of homes on the market is climbing quite a bit. Foreclosures are still very rare.<\/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

First up, let’s look at our inventory charts, updated with previous month’s inventory data from the NWMLS.<\/p>\n

\"King<\/a><\/p>\n

\"Snohomish<\/a><\/p>\n

The number of homes on the market in King County dropped 29 percent from November to December. Year-over-year listings are still soaring, up 143 percent from December 2017, another new all-time high<\/strong> year-over-year gain, passing the record of 114 percent that was set just a month earlier.<\/p>\n

In Snohomish County inventory fell month-over-month 25 percent, and the year-over-year growth also hit a new all-time record, growing 111 percent.<\/p>\n

Note that the Estately inventory data feed seems to be having some trouble, so these preliminary numbers may be off by more than usual. I’m looking into that.<\/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 fell 5 percent between November and December (a year ago they fell 4 percent over the same period), and were down 22 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 fell 5 percent month-over-month (versus a 1 percent decline in the same period last year) and were down 18 percent from a year earlier.<\/p>\n

Hit the jump for the foreclosure charts.<\/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 up 12 percent from a year ago and Snohomish County foreclosure notices were up 23 percent from last year. Since the numbers are so low, these increases appear large in percentage terms, but the increase represents just 10 additional foreclosures in each county compared to the prior year.<\/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 up 13 percent from 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":"

Now that 2018 is completely over, let’s take our first look at the December housing market stats for King and Snohomish counties.<\/p>\n

It’s pretty much the same story we’ve seen the past few months, which is good news for buyers: The number of home sales is falling and the number of homes on the market is climbing quite a bit. Foreclosures are still very rare\u2026<\/p>\n","protected":false},"author":2,"featured_media":105594,"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: December Stats Preview: Highest December listings since 2013","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-105589","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":"\nDecember Stats Preview: Highest December listings since 2013 \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\/2019\/01\/04\/december-stats-preview-highest-december-listings-since-2013\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"December Stats Preview: Highest December listings since 2013 \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Now that 2018 is completely over, let's take our first look at the December housing market stats for King and Snohomish counties. 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