{"id":28629,"date":"2014-04-22T09:00:20","date_gmt":"2014-04-22T16:00:20","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=28629"},"modified":"2014-04-22T09:08:59","modified_gmt":"2014-04-22T16:08:59","slug":"around-sound-housing-market-slowly-regulating","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/04\/22\/around-sound-housing-market-slowly-regulating\/","title":{"rendered":"Around the Sound: Housing Market Slowly Regulating"},"content":{"rendered":"<p>It&#8217;s time for us to check up on stats outside of the King\/Snohomish core with our &#8220;Around the Sound&#8221; statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.<\/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<p>First up, a summary table:<\/p>\n<style>.CNNTable {margin: 5px auto 15px;} .CNNTable td {padding: 0px 5px; text-align: center; font-size: .9em;} .top_row {font-weight: bold;} .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 2014<\/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 style=\"text-align: left;\">Median Price<\/td>\n<td>$414,950<\/td>\n<td>$314,975<\/td>\n<td>$230,000<\/td>\n<td>$226,500<\/td>\n<td>$224,000<\/td>\n<td>$245,149<\/td>\n<td>$233,000<\/td>\n<td>$250,750<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Price YOY<\/td>\n<td>5.9%<\/td>\n<td>9.4%<\/td>\n<td>13.3%<\/td>\n<td>-4.2%<\/td>\n<td>1.8%<\/td>\n<td>-19.9%<\/td>\n<td>11.0%<\/td>\n<td>3.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Active Listings<\/td>\n<td>3,258<\/td>\n<td>1,780<\/td>\n<td>2,948<\/td>\n<td>1,091<\/td>\n<td>1,033<\/td>\n<td>599<\/td>\n<td>619<\/td>\n<td>981<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Listings YOY<\/td>\n<td>9.6%<\/td>\n<td>41.6%<\/td>\n<td>16.4%<\/td>\n<td>-9.0%<\/td>\n<td>1.1%<\/td>\n<td>-6.0%<\/td>\n<td>-8.7%<\/td>\n<td>-3.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Closed Sales<\/td>\n<td>1,772<\/td>\n<td>766<\/td>\n<td>855<\/td>\n<td>242<\/td>\n<td>233<\/td>\n<td>92<\/td>\n<td>113<\/td>\n<td>190<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Sales YOY<\/td>\n<td>-2.9%<\/td>\n<td>-3.5%<\/td>\n<td>-2.6%<\/td>\n<td>3.4%<\/td>\n<td>-9.0%<\/td>\n<td>21.1%<\/td>\n<td>5.6%<\/td>\n<td>17.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Months of Supply<\/td>\n<td>1.8<\/td>\n<td>2.3<\/td>\n<td>3.4<\/td>\n<td>4.5<\/td>\n<td>4.4<\/td>\n<td>6.5<\/td>\n<td>5.5<\/td>\n<td>5.2<\/td>\n<\/tr>\n<\/table>\n<p>Next let&#8217;s take a look at median prices in March compared to a year earlier.  The biggest price gains in March were in Pierce and Skagit Counties, which both came in at more than ten percent higher than a year ago.  Prices were only down from 2013 in Kitsap and Island Counties.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/04\/Around-the-Sound-Price_2014-03.png\" title=\"Median Sale Price Single-Family Homes\" rel=\"lightbox[28629]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/04\/Around-the-Sound-Price_2014-03-600x436.png\" style=\"border: 0;\" title=\"Median Sale Price Single-Family Homes - Click to enlarge\" alt=\"Median Sale Price Single-Family Homes\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Listings are still increasing year-over-year in King, Snohomish, Pierce, and Thurston.  Listings were down from a year ago in Kitsap, Island, Skagit, and Whatcom.  Snohomish county saw listings surge 42 percent from a year earlier.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/04\/Around-the-Sound-Listings_2014-03.png\" title=\"Active Listings of Single-Family Homes\" rel=\"lightbox[28629]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/04\/Around-the-Sound-Listings_2014-03-600x436.png\" style=\"border: 0;\" title=\"Active Listings of Single-Family Homes - Click to enlarge\" alt=\"Active Listings of Single-Family Homes\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Closed sales fell in March in King, Snohomish, Pierce, and Kitsap, but were up from a year ago in all the other counties.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/04\/Around-the-Sound-Sales_2014-03.png\" title=\"Closed Sales of Single-Family Homes\" rel=\"lightbox[28629]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/04\/Around-the-Sound-Sales_2014-03-600x436.png\" style=\"border: 0;\" title=\"Closed Sales of Single-Family Homes - Click to enlarge\" alt=\"Closed Sales of Single-Family Homes\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Here&#8217;s a chart showing months of supply this March and last March.  The market was more balanced in King, Snohomish, Pierce, Thurston, and Island, and less balanced (skewing toward sellers) elsewhere.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/04\/Around-the-Sound-MOS_2014-03.png\" title=\"Months of Supply Single Family Homes\" rel=\"lightbox[28629]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/04\/Around-the-Sound-MOS_2014-03-600x436.png\" style=\"border: 0;\" title=\"Months of Supply Single Family Homes - Click to enlarge\" alt=\"Months of Supply Single Family Homes\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>To close things out, here&#8217;s a chart comparing March&#8217;s median price to the peak price in each county.  Everybody is still down between 14 percent (King) and 30 percent (Island).<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/04\/Around-the-Sound-Peak-Price_2014-03.png\" title=\"Peak Median Sale Price Single-Family Homes\" rel=\"lightbox[28629]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/04\/Around-the-Sound-Peak-Price_2014-03-600x436.png\" style=\"border: 0;\" title=\"Peak Median Sale Price Single-Family Homes - Click to enlarge\" alt=\"Peak Median Sale Price Single-Family Homes\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>We&#8217;re still seeing more changes toward a buyer&#8217;s market in the closer-in counties of King, Snohomish, Pierce, and Thurston. It&#8217;s definitely interesting that Snohomish is the only market that&#8217;s seeing big surges in inventory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s time for us to check up on stats outside of the King\/Snohomish core with our &#8220;Around the Sound&#8221; statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties. 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&#8230;<\/p>\n","protected":false},"author":2,"featured_media":28634,"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":"Around the Sound: Housing Market Slowly Regulating http:\/\/wp.me\/pe2Bv-7rL","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":[],"class_list":["post-28629","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: Housing Market Slowly Regulating \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\/2014\/04\/22\/around-sound-housing-market-slowly-regulating\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Around the Sound: Housing Market Slowly Regulating \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"It&#8217;s time for us to check up on stats outside of the King\/Snohomish core with our &#8220;Around the Sound&#8221; statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties. 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