{"id":105707,"date":"2019-04-08T08:44:59","date_gmt":"2019-04-08T15:44:59","guid":{"rendered":"https:\/\/seattlebubble.com\/blog\/?p=105707"},"modified":"2019-04-08T08:44:59","modified_gmt":"2019-04-08T15:44:59","slug":"around-the-sound-inventory-up-sales-down-across-the-board","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2019\/04\/08\/around-the-sound-inventory-up-sales-down-across-the-board\/","title":{"rendered":"Around the Sound: Inventory up, sales down across the board"},"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&#8217;s been a few months since we had a look at the stats in the broader Puget Sound area, so let&#8217;s update our charts through March. 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;\">March 2019<\/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>$667,725<\/td>\n<td>$500,000<\/td>\n<td>$363,084<\/td>\n<td>$359,200<\/td>\n<td>$325,550<\/td>\n<td>$370,000<\/td>\n<td>$364,950<\/td>\n<td>$373,450<\/td>\n<\/tr>\n<tr>\n<td>Price YOY<\/td>\n<td>-3.2%<\/td>\n<td>+5.3%<\/td>\n<td>+3.8%<\/td>\n<td>+5.2%<\/td>\n<td>+8.2%<\/td>\n<td>+1.4%<\/td>\n<td>+4.7%<\/td>\n<td>+1.5%<\/td>\n<\/tr>\n<tr>\n<td>New Listings<\/td>\n<td>3,238<\/td>\n<td>1,358<\/td>\n<td>1,457<\/td>\n<td>440<\/td>\n<td>527<\/td>\n<td>173<\/td>\n<td>227<\/td>\n<td>321<\/td>\n<\/tr>\n<tr>\n<td>New Listings YOY<\/td>\n<td>+6.1%<\/td>\n<td>+6.1%<\/td>\n<td>-11.4%<\/td>\n<td>+14.6%<\/td>\n<td>-5.0%<\/td>\n<td>-10.8%<\/td>\n<td>+1.3%<\/td>\n<td>-3.3%<\/td>\n<\/tr>\n<tr>\n<td>Active Inventory<\/td>\n<td>3,277<\/td>\n<td>1,209<\/td>\n<td>1,404<\/td>\n<td>418<\/td>\n<td>448<\/td>\n<td>279<\/td>\n<td>332<\/td>\n<td>479<\/td>\n<\/tr>\n<tr>\n<td>Inventory YOY<\/td>\n<td>+94.3%<\/td>\n<td>+78.1%<\/td>\n<td>+10.6%<\/td>\n<td>+24.0%<\/td>\n<td>+0.7%<\/td>\n<td>+8.1%<\/td>\n<td>+17.7%<\/td>\n<td>+15.7%<\/td>\n<\/tr>\n<tr>\n<td>Closed Sales<\/td>\n<td>1,784<\/td>\n<td>901<\/td>\n<td>1,142<\/td>\n<td>299<\/td>\n<td>348<\/td>\n<td>122<\/td>\n<td>126<\/td>\n<td>208<\/td>\n<\/tr>\n<tr>\n<td>Sales YOY<\/td>\n<td>-5.3%<\/td>\n<td>-0.2%<\/td>\n<td>-12.3%<\/td>\n<td>-13.6%<\/td>\n<td>-12.8%<\/td>\n<td>-6.9%<\/td>\n<td>-17.6%<\/td>\n<td>-5.5%<\/td>\n<\/tr>\n<tr>\n<td>Months of Supply<\/td>\n<td>1.8<\/td>\n<td>1.3<\/td>\n<td>1.2<\/td>\n<td>1.4<\/td>\n<td>1.3<\/td>\n<td>2.3<\/td>\n<td>2.6<\/td>\n<td>2.3<\/td>\n<\/tr>\n<\/table>\n<p>King County still has some of the most dramatic changes, as the only county with a drop in the median price and by far the biggest increase in active listings. That said, active listings are up and closed sales are down across the board. Skagit, Kitsap, Pierce, and Thurston all still saw double-digit year-over-year declines in sales.<\/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\/2019\/04\/Around-the-Sound-New-Listings_2019-03.png\" title=\"New Listings of Single-Family Homes\" rel=\"lightbox[105707]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2019\/04\/Around-the-Sound-New-Listings_2019-03.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>New listings were up the most in Kitsap County, which saw 15 percent more listing than a year earlier. Listings were also up in King, Snohomish, and Skagit, but fell in Pierce, Island, and Whatcom.<\/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\/2019\/04\/Around-the-Sound-Listings_2019-03.png\" title=\"Active Listings of Single-Family Homes\" rel=\"lightbox[105707]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2019\/04\/Around-the-Sound-Listings_2019-03.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 everywhere, but only just barely in Thurston, which saw an increase of less than one percent from a year earlier. Island was the second-smallest gain at eight percent. Every other county saw at least double-digit increases in inventory from March 2018.<\/p>\n<p>Here&#8217;s the chart of median prices 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\/2019\/04\/Around-the-Sound-Price_2019-03.png\" title=\"Median Sale Price Single-Family Homes\" rel=\"lightbox[105707]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2019\/04\/Around-the-Sound-Price_2019-03.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>Prices were up everywhere but King County, with the biggest gains in Thurston County, up eight percent.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2019\/04\/Around-the-Sound-Sales_2019-03.png\" title=\"Closed Sales of Single-Family Homes\" rel=\"lightbox[105707]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2019\/04\/Around-the-Sound-Sales_2019-03.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>Closed sales fell in every county, but only just <em>barely<\/em> in Snohomish. King and Whatcom counties were down five percent and Island fell seven percent. Every other county saw double-digit decreases in closed sales.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2019\/04\/Around-the-Sound-MOS_2019-03.png\" title=\"Months of Supply Single Family Homes\" rel=\"lightbox[105707]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2019\/04\/Around-the-Sound-MOS_2019-03.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>Every county is still deep in sellers&#8217; market territory, but at least they&#8217;re all improving from a year ago.<\/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&#8217;s been a few months since we had a look at the stats in the broader Puget Sound area, so let&#8217;s update our charts through March. 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>King County still has some of the most dramatic changes, as the only county with a drop in the median price and by far the biggest increase in active listings. That said, active listings are up and closed sales are down across the board. Skagit, Kitsap, Pierce, and Thurston all still saw double-digit year-over-year declines in sales\u2026<\/p>\n","protected":false},"author":2,"featured_media":105714,"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 up, sales down across the board","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-105707","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 up, sales down across the board \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\/04\/08\/around-the-sound-inventory-up-sales-down-across-the-board\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Around the Sound: Inventory up, sales down across the board \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"It&#039;s been a few months since we had a look at the stats in the broader Puget Sound area, so let&#039;s update our charts through March. 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.  King County still has some of the most dramatic changes, as the only county with a drop in the median price and by far the biggest increase in active listings. That said, active listings are up and closed sales are down across the board. 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