{"id":4522,"date":"2009-02-24T06:00:29","date_gmt":"2009-02-24T14:00:29","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=4522"},"modified":"2009-02-24T12:51:51","modified_gmt":"2009-02-24T20:51:51","slug":"puget-sound-counties-january-update","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/","title":{"rendered":"Puget Sound Counties January Update"},"content":{"rendered":"<p>Let&#8217;s check in on the January NWMLS statistics from around the sound.<\/p>\n<p>We&#8217;re going to try something different this month.  The usual collection of charts in this post tend to be a big spaghetti mess, so we&#8217;re going to keep it simple.  If you want to see the usual charts, you can still <a title=\"Around the Sound Spreadsheet (Excel 2007)\" href=\"[download(Around_the_Sound.xlsx)]\">download the spreadsheet<\/a> (<a title=\"Around the Sound Spreadsheet (Excel 2003)\" href=\"[download(Around_the_Sound.xls)]\">or in Excel 2003 format<\/a>).  Feel free to share your feedback on the new set of charts in the comments.<\/p>\n<p>Here&#8217;s where the YOY stats stand for each of the six counties as of January 2009:<br \/>\n<em>(Note: The &#8220;Sales&#8221; data below represents pending sales, not closed sales.)<\/em><\/p>\n<blockquote><p><strong>King &#8211;<\/strong> Price: <span style=\"color: #ff0000;\">-12.1%<\/span> | Listings: <strong>-2.4<\/strong> | Sales: -5.4% | MOS: 7.8<br \/>\n<strong>Snohomish &#8211;<\/strong> Price: <span style=\"color: #ff0000;\">-14.3%<\/span> | Listings: -10.1% | Sales: -7.3% | MOS: 8.5<br \/>\n<strong>Pierce &#8211;<\/strong> Price: <span style=\"color: #ff0000;\">-11.8%<\/span> | Listings: -16.6% | Sales: +30.6% | MOS: 7.2<br \/>\n<strong>Kitsap &#8211;<\/strong> Price: <span style=\"color: #ff0000;\">-15.7%<\/span> | Listings: -14.3% | Sales: -19.3% | MOS: 7.5<br \/>\n<strong>Thurston &#8211;<\/strong> Price: <span style=\"color: #ff0000;\">-9.8%<\/span> | Listings: -15.2% | Sales: +5.4% | MOS: 5.3<br \/>\n<strong>Island &#8211;<\/strong> Price: <strong><span style=\"color: #ff0000;\">-21.9%<\/span><\/strong> | Listings: -4.7% | Sales: -6.0% | MOS: <strong>12.6<\/strong><br \/>\n<strong>Skagit &#8211;<\/strong> Price: <span style=\"color: #ff0000;\">-5.4%<\/span> | Listings: -4.5% | Sales: <strong>-25.0%<\/strong> | MOS: 12.0<\/p><\/blockquote>\n<p>Here is a visual comparison of <strong>closed sales<\/strong> in each county in January 2008 and January 2009:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Puget Sound Closed SFH Sales\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_closed_2008-01.png\" rel=\"lightbox[4522]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 1px solid #000000; margin: 5px\" title=\"Puget Sound Closed SFH Sales - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_closed_2008-01-600x435.png\" alt=\"Puget Sound Closed SFH Sales\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>Thurston was the only county in the Puget Sound area to see an increase in actual closed sales from 2008 to 2009.  Everywhere else was down by (almost) a quarter or more.<\/p>\n<p>Here&#8217;s a comparison of median prices in each county at their respective peaks and in January 2009:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Puget Sound Median Prices\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_peak-drop_2008-01.png\" rel=\"lightbox[4522]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 1px solid #000000; margin: 5px\" title=\"Puget Sound Median Prices - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_peak-drop_2008-01-600x435.png\" alt=\"Puget Sound Median Prices\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>It&#8217;s interesting that King County&#8217;s January median just happened to be the same as Snohomish County&#8217;s March 2007 peak median.  It is also worth noting that in addition to actually posting an increase in closed sales, Thurston County has the smallest price drop so far.  Overall, the total percentage drops look like a liquidating retail outlet&#8217;s going out of business sale: &#8220;Everything 10-30% Off!&#8221;<\/p>\n<p>Lastly, here&#8217;s a look at &#8220;months of supply&#8221; across the Sound.  Less than six is generally considered a &#8220;seller&#8217;s market,&#8221; while above six is a &#8220;buyer&#8217;s market.&#8221;  Months of supply is traditionally calculated using pending sales, so in order to avoid confusion, we are sticking with that method.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Puget Sound Months of Supply\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_mos_2008-01.png\" rel=\"lightbox[4522]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 1px solid #000000; margin: 5px\" title=\"Puget Sound Months of Supply - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_mos_2008-01-600x435.png\" alt=\"Puget Sound Months of Supply\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>King and Skagit were the only counties in which months of supply increased year-over-year.  Thurston County sticks out again as the only county where MOS has dropped into &#8220;seller&#8217;s market&#8221; territory.  What exactly is going on down there?  Perhaps Thurston County was not as popular for debt liars and speculators, so the crash is hitting a little softer down there?  Or maybe they have not experienced as many job losses as other counties in the Sound whose major industries are not funded directly by taxpayer dollars?  Whatever the case, it&#8217;s certainly something worth keeping an eye on.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s check in on the January NWMLS statistics from around the sound. We&#8217;re going to try something different this month. The usual collection of charts in this post tend to be a big spaghetti mess, so we&#8217;re going to keep it simple. If you want to see the usual charts, you can still download the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"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":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[458,222,129,58,261,6,259,254,262,169,200,260],"coauthors":[],"class_list":["post-4522","post","type-post","status-publish","format-standard","hentry","category-stats","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"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Puget Sound Counties January Update \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\/2009\/02\/24\/puget-sound-counties-january-update\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Puget Sound Counties January Update \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#8217;s check in on the January NWMLS statistics from around the sound. We&#8217;re going to try something different this month. The usual collection of charts in this post tend to be a big spaghetti mess, so we&#8217;re going to keep it simple. If you want to see the usual charts, you can still download the...\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_closed_2008-01.png\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/\",\"name\":\"Puget Sound Counties January Update \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_closed_2008-01-600x435.png\",\"datePublished\":\"2009-02-24T14:00:29+00:00\",\"dateModified\":\"2009-02-24T20:51:51+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_closed_2008-01.png\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_closed_2008-01.png\",\"width\":\"911\",\"height\":\"661\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Puget Sound Counties January Update\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.\",\"sameAs\":[\"http:\/\/SeattleBubble.com\/\",\"http:\/\/facebook.com\/is.totally.pointless\",\"https:\/\/x.com\/The_Tim\"],\"url\":\"https:\/\/seattlebubble.com\/blog\/author\/timothyellis\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Puget Sound Counties January Update \u2022 Seattle Bubble","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/","twitter_card":"summary_large_image","twitter_title":"Puget Sound Counties January Update \u2022 Seattle Bubble","twitter_description":"Let&#8217;s check in on the January NWMLS statistics from around the sound. We&#8217;re going to try something different this month. The usual collection of charts in this post tend to be a big spaghetti mess, so we&#8217;re going to keep it simple. If you want to see the usual charts, you can still download the...","twitter_image":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_closed_2008-01.png","twitter_creator":"@The_Tim","twitter_site":"@SeattleBubble","twitter_misc":{"Written by":"The Tim","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/","url":"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/","name":"Puget Sound Counties January Update \u2022 Seattle Bubble","isPartOf":{"@id":"https:\/\/seattlebubble.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/#primaryimage"},"image":{"@id":"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/#primaryimage"},"thumbnailUrl":"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_closed_2008-01-600x435.png","datePublished":"2009-02-24T14:00:29+00:00","dateModified":"2009-02-24T20:51:51+00:00","author":{"@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f"},"breadcrumb":{"@id":"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/#primaryimage","url":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_closed_2008-01.png","contentUrl":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/02\/puget-sound_closed_2008-01.png","width":"911","height":"661"},{"@type":"BreadcrumbList","@id":"https:\/\/seattlebubble.com\/blog\/2009\/02\/24\/puget-sound-counties-january-update\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/seattlebubble.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Puget Sound Counties January Update"}]},{"@type":"WebSite","@id":"https:\/\/seattlebubble.com\/blog\/#website","url":"https:\/\/seattlebubble.com\/blog\/","name":"Seattle Bubble","description":"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f","name":"The Tim","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70","url":"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g","caption":"The Tim"},"description":"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.","sameAs":["http:\/\/SeattleBubble.com\/","http:\/\/facebook.com\/is.totally.pointless","https:\/\/x.com\/The_Tim"],"url":"https:\/\/seattlebubble.com\/blog\/author\/timothyellis\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6wh0F-1aW","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts\/4522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/comments?post=4522"}],"version-history":[{"count":0,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts\/4522\/revisions"}],"wp:attachment":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/media?parent=4522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/categories?post=4522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/tags?post=4522"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/coauthors?post=4522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}