{"id":29246,"date":"2014-08-08T11:01:40","date_gmt":"2014-08-08T18:01:40","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=29246"},"modified":"2014-08-08T11:01:40","modified_gmt":"2014-08-08T18:01:40","slug":"around-the-sound-listing-supply-still-tight","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/08\/08\/around-the-sound-listing-supply-still-tight\/","title":{"rendered":"Around the Sound: Listing Supply Still Tight"},"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>This month&#8217;s story in a nutshell: Not much change from recent months. Prices keep edging up, listings are slowly increasing, and sales are softening, but it&#8217;s still a strong seller&#8217;s market.<\/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;\">July 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>$468,000<\/td>\n<td>$335,000<\/td>\n<td>$234,700<\/td>\n<td>$255,050<\/td>\n<td>$235,000<\/td>\n<td>$272,000<\/td>\n<td>$225,000<\/td>\n<td>$278,750<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Price YOY<\/td>\n<td>7.8%<\/td>\n<td>10.2%<\/td>\n<td>3.7%<\/td>\n<td>6.5%<\/td>\n<td>2.2%<\/td>\n<td>8.8%<\/td>\n<td>-4.3%<\/td>\n<td>7.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Active Listings<\/td>\n<td>4,862<\/td>\n<td>2,614<\/td>\n<td>3,945<\/td>\n<td>1,433<\/td>\n<td>1,393<\/td>\n<td>799<\/td>\n<td>817<\/td>\n<td>1,444<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Listings YOY<\/td>\n<td>6.6%<\/td>\n<td>34.1%<\/td>\n<td>21.0%<\/td>\n<td>-0.4%<\/td>\n<td>14.1%<\/td>\n<td>-8.7%<\/td>\n<td>-0.7%<\/td>\n<td>4.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Closed Sales<\/td>\n<td>2,666<\/td>\n<td>971<\/td>\n<td>1,128<\/td>\n<td>358<\/td>\n<td>354<\/td>\n<td>141<\/td>\n<td>147<\/td>\n<td>262<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Sales YOY<\/td>\n<td>0.7%<\/td>\n<td>0.7%<\/td>\n<td>0.9%<\/td>\n<td>1.1%<\/td>\n<td>7.3%<\/td>\n<td>-4.1%<\/td>\n<td>-9.8%<\/td>\n<td>-7.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Months of Supply<\/td>\n<td>1.8<\/td>\n<td>2.7<\/td>\n<td>3.5<\/td>\n<td>4.0<\/td>\n<td>3.9<\/td>\n<td>5.7<\/td>\n<td>5.6<\/td>\n<td>5.5<\/td>\n<\/tr>\n<\/table>\n<p>Next let&#8217;s take a look at median prices in July compared to a year earlier. Prices were up from a year ago everywhere but Skagit County, which was down 4 percent. Gains ranged from as low as 2 percent in Thurston to as high as 10 percent in Snohomish.<\/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\/08\/Around-the-Sound-Price_2014-07.png\" title=\"Median Sale Price Single-Family Homes\" rel=\"lightbox[29246]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/08\/Around-the-Sound-Price_2014-07-600x436.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>The number of listings grew year-over-year in the close-in counties and Whatcom, but fell in Kitsap, Island, and Skagit counties. The biggest gainer by far was once again Snohomish County at +34 percent. Pierce and Thurston both also saw double-digit gains in inventory again.<\/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\/08\/Around-the-Sound-Listings_2014-07.png\" title=\"Active Listings of Single-Family Homes\" rel=\"lightbox[29246]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/08\/Around-the-Sound-Listings_2014-07-600x436.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 July edged up just barely compared to a year earlier in the close-in counties and Kitsap. Thurston saw the biggest sales gain, up 7 percent from last year. Island, Skagit, and Whatcom all saw sales drop from last year&#8217;s levels.<\/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\/08\/Around-the-Sound-Sales_2014-07.png\" title=\"Closed Sales of Single-Family Homes\" rel=\"lightbox[29246]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/08\/Around-the-Sound-Sales_2014-07-600x436.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 July and last July.  The market was more balanced than a year ago everywhere but Kitsap and Island, but every county is still in seller&#8217;s market territory.<\/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\/08\/Around-the-Sound-MOS_2014-07.png\" title=\"Months of Supply Single Family Homes\" rel=\"lightbox[29246]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/08\/Around-the-Sound-MOS_2014-07-600x436.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 July&#8217;s median price to the peak price in each county.  Everybody is still down from the peak, with drops ranging between just 3 percent in King County to 26 percent in Skagit County.<\/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\/08\/Around-the-Sound-Peak-Price_2014-07.png\" title=\"Peak Median Sale Price Single-Family Homes\" rel=\"lightbox[29246]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/08\/Around-the-Sound-Peak-Price_2014-07-600x436.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>Unless some catalyst triggers a sudden change in the market, it still looks like it will be quite a while before we get back to anything resembling a balanced market.<\/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":29250,"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: Listing Supply Still Tight","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-29246","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: Listing Supply Still Tight \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\/08\/08\/around-the-sound-listing-supply-still-tight\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Around the Sound: Listing Supply Still Tight \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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