{"id":29996,"date":"2014-12-12T08:00:31","date_gmt":"2014-12-12T16:00:31","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=29996"},"modified":"2014-12-12T09:25:59","modified_gmt":"2014-12-12T17:25:59","slug":"around-sound-nasty-winter-home-buyers","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/12\/12\/around-sound-nasty-winter-home-buyers\/","title":{"rendered":"Around the Sound: A Nasty Winter for Home Buyers"},"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>This month&#8217;s story in a nutshell: Listings are declining from a year ago, while sales are up across the board. Overall the winter is shaping up to be very unfriendly to home buyers.<\/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;\">November 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>$440,000<\/td>\n<td>$330,000<\/td>\n<td>$231,350<\/td>\n<td>$245,000<\/td>\n<td>$237,000<\/td>\n<td>$271,500<\/td>\n<td>$239,500<\/td>\n<td>$267,750<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Price YOY<\/td>\n<td>6.3%<\/td>\n<td>6.5%<\/td>\n<td>7.6%<\/td>\n<td>8.9%<\/td>\n<td>3.8%<\/td>\n<td>5.6%<\/td>\n<td>-4.2%<\/td>\n<td>0.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Active Listings<\/td>\n<td>3,658<\/td>\n<td>2,120<\/td>\n<td>3,162<\/td>\n<td>1,039<\/td>\n<td>1,098<\/td>\n<td>544<\/td>\n<td>558<\/td>\n<td>1,018<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Listings YOY<\/td>\n<td>-4.2%<\/td>\n<td>0.6%<\/td>\n<td>0.7%<\/td>\n<td>-18.4%<\/td>\n<td>-1.5%<\/td>\n<td>-15.5%<\/td>\n<td>-19.7%<\/td>\n<td>-3.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Closed Sales<\/td>\n<td>1,870<\/td>\n<td>743<\/td>\n<td>854<\/td>\n<td>279<\/td>\n<td>283<\/td>\n<td>108<\/td>\n<td>132<\/td>\n<td>188<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Sales YOY<\/td>\n<td>5.4%<\/td>\n<td>7.4%<\/td>\n<td>3.5%<\/td>\n<td>14.8%<\/td>\n<td>12.3%<\/td>\n<td>12.5%<\/td>\n<td>0.8%<\/td>\n<td>5.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Months of Supply<\/td>\n<td>2.0<\/td>\n<td>2.9<\/td>\n<td>3.7<\/td>\n<td>3.7<\/td>\n<td>3.9<\/td>\n<td>5.0<\/td>\n<td>4.2<\/td>\n<td>5.4<\/td>\n<\/tr>\n<\/table>\n<p>Next let&#8217;s take a look at median prices in November compared to a year earlier. Prices were up from a year ago everywhere but Skagit County. Gains ranged from as low as 0.2 percent in Whatcom to as high as 9 percent in Kitsap.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/12\/Around-the-Sound-Price_2014-11.png\" title=\"Median Sale Price Single-Family Homes\" rel=\"lightbox[29996]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/12\/Around-the-Sound-Price_2014-11.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>The number of listings on the market fell year-over-year almost everywhere. Even Snohomish County, which saw gains of as much as 48 percent earlier this year, only gained 0.6 percent in November compared to a year earlier. The biggest loser of listings was Skagit County, where listings fell 20 percent from 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\/2014\/12\/Around-the-Sound-Listings_2014-11.png\" title=\"Active Listings of Single-Family Homes\" rel=\"lightbox[29996]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/12\/Around-the-Sound-Listings_2014-11.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 increased in November compared to a year earlier in all eight counties. The biggest gains were in Kitsap County, which saw 15 percent more sales than last November.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/12\/Around-the-Sound-Sales_2014-11.png\" title=\"Closed Sales of Single-Family Homes\" rel=\"lightbox[29996]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/12\/Around-the-Sound-Sales_2014-11.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>Here&#8217;s a chart showing months of supply this November and last November.  The market was less balanced than a year ago, skewing more toward sellers in all eight counties.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/12\/Around-the-Sound-MOS_2014-11.png\" title=\"Months of Supply Single Family Homes\" rel=\"lightbox[29996]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/12\/Around-the-Sound-MOS_2014-11.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>To close things out, here&#8217;s a chart comparing November&#8217;s median price to the peak price in each county.  Everybody is still down from the peak, with drops ranging between just 9 percent in King County to 22 percent 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\/2014\/12\/Around-the-Sound-Peak-Price_2014-11.png\" title=\"Peak Median Sale Price Single-Family Homes\" rel=\"lightbox[29996]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/12\/Around-the-Sound-Peak-Price_2014-11.png\" style=\"border: 0;\" title=\"Peak Median Sale Price Single-Family Homes - Click to enlarge\" alt=\"Peak Median Sale Price Single-Family Homes\" \/><\/a><\/p>\n<p>With home prices up considerably from the early 2012 bottom, inventory down and sales up, this winter is definitely shaping up to be an unpleasant time to try to buy a home.<\/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 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. This month&#8217;s story in a nutshell: Listings are declining from a year ago, while sales are up across the board. Overall the winter is shaping up&#8230;<\/p>\n","protected":false},"author":2,"featured_media":30004,"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: A Nasty Winter for Home Buyers","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-29996","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: A Nasty Winter for Home Buyers \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\/12\/12\/around-sound-nasty-winter-home-buyers\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Around the Sound: A Nasty Winter for Home Buyers \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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