{"id":106028,"date":"2020-11-09T12:00:33","date_gmt":"2020-11-09T20:00:33","guid":{"rendered":"https:\/\/seattlebubble.com\/blog\/?p=106028"},"modified":"2020-11-09T12:20:56","modified_gmt":"2020-11-09T20:20:56","slug":"around-the-sound-still-a-dismal-market-for-buyers-everywhere","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2020\/11\/09\/around-the-sound-still-a-dismal-market-for-buyers-everywhere\/","title":{"rendered":"Around the Sound: Still a dismal market for buyers everywhere"},"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>Let&#8217;s take a look at our stats for the local regions outside of the King\/Snohomish core. Here&#8217;s your October update to our &#8220;Around the Sound&#8221; statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.<\/p>\n<p>Things are looking pretty similar all around the Puget Sound region\u2014extremely low supply, high demand, and skyrocketing prices. The one tiny bright spot for buyers is that new listings are higher than they were a year ago in every county.<\/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;\">October 2020<\/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>$745,000<\/td>\n<td>$579,972<\/td>\n<td>$430,000<\/td>\n<td>$437,000<\/td>\n<td>$395,000<\/td>\n<td>$449,000<\/td>\n<td>$441,500<\/td>\n<td>$474,450<\/td>\n<\/tr>\n<tr>\n<td>Price YOY<\/td>\n<td>12.9%<\/td>\n<td>17.2%<\/td>\n<td>17.8%<\/td>\n<td>13.2%<\/td>\n<td>13.4%<\/td>\n<td>24.7%<\/td>\n<td>17.6%<\/td>\n<td>13.2%<\/td>\n<\/tr>\n<tr>\n<td>New Listings<\/td>\n<td>2,986<\/td>\n<td>1,309<\/td>\n<td>1,512<\/td>\n<td>472<\/td>\n<td>492<\/td>\n<td>173<\/td>\n<td>197<\/td>\n<td>320<\/td>\n<\/tr>\n<tr>\n<td>New Listings YOY<\/td>\n<td>29.7%<\/td>\n<td>20.6%<\/td>\n<td>23.1%<\/td>\n<td>27.9%<\/td>\n<td>21.8%<\/td>\n<td>29.1%<\/td>\n<td>4.2%<\/td>\n<td>4.9%<\/td>\n<\/tr>\n<tr>\n<td>Active Listings<\/td>\n<td>2,258<\/td>\n<td>652<\/td>\n<td>881<\/td>\n<td>280<\/td>\n<td>217<\/td>\n<td>122<\/td>\n<td>188<\/td>\n<td>323<\/td>\n<\/tr>\n<tr>\n<td>Active YOY<\/td>\n<td>-37.6%<\/td>\n<td>-59.2%<\/td>\n<td>-46.6%<\/td>\n<td>-42.5%<\/td>\n<td>-54.4%<\/td>\n<td>-60.3%<\/td>\n<td>-44.9%<\/td>\n<td>-51.4%<\/td>\n<\/tr>\n<tr>\n<td>Pending Sales<\/td>\n<td>3,007<\/td>\n<td>1,403<\/td>\n<td>1,658<\/td>\n<td>524<\/td>\n<td>549<\/td>\n<td>182<\/td>\n<td>219<\/td>\n<td>331<\/td>\n<\/tr>\n<tr>\n<td>Pending YOY<\/td>\n<td>16.0%<\/td>\n<td>12.4%<\/td>\n<td>11.2%<\/td>\n<td>10.3%<\/td>\n<td>11.8%<\/td>\n<td>16.7%<\/td>\n<td>-0.5%<\/td>\n<td>2.2%<\/td>\n<\/tr>\n<tr>\n<td>Closed Sales<\/td>\n<td>3,027<\/td>\n<td>1,438<\/td>\n<td>1,520<\/td>\n<td>527<\/td>\n<td>522<\/td>\n<td>179<\/td>\n<td>232<\/td>\n<td>344<\/td>\n<\/tr>\n<tr>\n<td>Closed YOY<\/td>\n<td>36.0%<\/td>\n<td>36.0%<\/td>\n<td>18.0%<\/td>\n<td>28.9%<\/td>\n<td>15.0%<\/td>\n<td>32.6%<\/td>\n<td>22.1%<\/td>\n<td>19.0%<\/td>\n<\/tr>\n<tr>\n<td>Months of Supply<\/td>\n<td>0.7<\/td>\n<td>0.5<\/td>\n<td>0.6<\/td>\n<td>0.5<\/td>\n<td>0.4<\/td>\n<td>0.7<\/td>\n<td>0.8<\/td>\n<td>0.9<\/td>\n<\/tr>\n<\/table>\n<p>Median home prices were up in every single county from a year earlier. King County&#8217;s 13 percent increase was actually the <em>smallest<\/em> around the sound, while the largest price gains were in Island County.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2020\/11\/Around-the-Sound-Price_2020-10.png\" title=\"Median Sale Price Single-Family Homes\" rel=\"lightbox[106028]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2020\/11\/Around-the-Sound-Price_2020-10.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 style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2020\/11\/Around-the-Sound-Price-YOY_2020-10.png\" title=\"Year-Over-Year Change in Median Sale Price Single-Family Homes\" rel=\"lightbox[106028]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2020\/11\/Around-the-Sound-Price-YOY_2020-10.png\" style=\"border: 0;\" title=\"Year-Over-Year Change in Median Sale Price Single-Family Homes - Click to enlarge\" alt=\"Year-Over-Year Change in Median Sale Price Single-Family Homes\" \/><\/a><\/p>\n<p>Here&#8217;s the one sort-of bright spot for buyers: New listings are on the rise, especially in King County.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2020\/11\/Around-the-Sound-New-Listings_2020-10.png\" title=\"New Listings of Single-Family Homes\" rel=\"lightbox[106028]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2020\/11\/Around-the-Sound-New-Listings_2020-10.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>However, active listings are down dramatically from a year ago in every county. The biggest decline was in Island County (probably no surprise then that prices are up the most there), where listings fell by 60 percent from a year earlier. King County saw the smallest drop, but was still down 38 percent.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2020\/11\/Around-the-Sound-Listings_2020-10.png\" title=\"Active Listings of Single-Family Homes\" rel=\"lightbox[106028]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2020\/11\/Around-the-Sound-Listings_2020-10.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>Closed sales were up across the board in every single county. The biggest gains were in King and Snohomish Counties, which both saw closed sales increase 36 percent from a year ago. Pierce and Thurston had the smallest gains at 18 percent and 15 percent, respectively.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2020\/11\/Around-the-Sound-Sales_2020-10.png\" title=\"Closed Sales of Single-Family Homes\" rel=\"lightbox[106028]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2020\/11\/Around-the-Sound-Sales_2020-10.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 just absolutely abysmal for buyers everywhere. Every single county less than one month of supply in October.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2020\/11\/Around-the-Sound-MOS_2020-10.png\" title=\"Months of Supply Single Family Homes\" rel=\"lightbox[106028]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2020\/11\/Around-the-Sound-MOS_2020-10.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: It&#8217;s still a pretty terrible time to be a home buyer, across the entire Greater Seattle Area.<\/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>Let&#8217;s take a look at our stats for the local regions outside of the King\/Snohomish core. Here&#8217;s your October update to our &#8220;Around the Sound&#8221; statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties\u2026<\/p>\n","protected":false},"author":2,"featured_media":106041,"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: Still a dismal market for buyers everywhere","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-106028","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: Still a dismal market for buyers everywhere \u2022 Seattle Bubble<\/title>\n<meta name=\"description\" content=\"Let&#039;s take a look at our stats for the local regions outside of the King\/Snohomish core. 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