{"id":7785,"date":"2009-11-03T06:00:48","date_gmt":"2009-11-03T14:00:48","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=7785"},"modified":"2010-10-28T23:39:09","modified_gmt":"2010-10-29T06:39:09","slug":"october-housing-market-stats-preview","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/11\/03\/october-housing-market-stats-preview\/","title":{"rendered":"October Housing Market Stats Preview"},"content":{"rendered":"

Now that October is behind us, let’s have a look at the monthly stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County Records<\/a>. If you have additional stats you’d like to see in the “preview,” drop a line in the comments and I’ll see what I can do.<\/p>\n

Here’s your preview of October’s foreclosure and home sale stats:<\/p>\n

First up, total home sales as measured by the number of “Warranty Deeds” filed with the county:<\/p>\n

\"King<\/a><\/p>\n

County sales as measured by warranty deeds were up significantly (16.7%) from last year in October, and marked another month-to-month increase (5.2%). This is no surprise, since as I mentioned last month<\/a>, the impending expiration of the $8,000 mortgage subsidy is definitely having an effect on the people who have been duped into thinking we have already hit bottom.<\/p>\n

Next, here’s Notices of Trustee sale, which are an indication of the number of homes currently in the foreclosure process:<\/p>\n

\"King<\/a><\/p>\n

Foreclosure notices actually declined from September, which could signal either an easing in the foreclosure “crisis” or possibly just a continued lag as the pipeline from SB 5810 continues to fill. We probably won’t really know for sure which one it is until sometime next year.<\/p>\n

Here’s another measure of foreclosures, looking at Trustee Deeds, which is the type of document filed with the county when the bank actually repossesses a house through the trustee auction process. Note that there are other ways for the bank to repossess a house that result in different documents being filed, such as when a borrower “turns in the keys” and files a “Deed in Lieu of Foreclosure.”<\/p>\n

\"King<\/a><\/p>\n

A new record high in October, lagging the peak month for Trustee Sale notices by four months.<\/p>\n

Lastly, here’s an approximate guess at where the month-end inventory was, based on our sidebar inventory tracker (powered by Estately<\/a>):<\/p>\n

\"King<\/a><\/p>\n

Looks like listings will be down around 13% year-over-year, and 6% month-to-month.<\/p>\n

Stay tuned later this month a for more detailed look at each of these metrics as the “official” data is released from various sources.<\/p>\n","protected":false},"excerpt":{"rendered":"

Now that October is behind us, let’s have a look at the monthly stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County Records. If you have additional stats you’d like to see in the “preview,” drop a line in the comments…<\/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":[567,7,129,419,568,254,720,200,570,569],"coauthors":[],"class_list":["post-7785","post","type-post","status-publish","format-standard","hentry","category-stats","tag-county-records","tag-foreclosures","tag-inventory","tag-notice-of-trustee-sale","tag-preview","tag-sales","tag-sb-5810","tag-statistics","tag-trustee-deeds","tag-warranty-deeds"],"yoast_head":"\nOctober Housing Market Stats Preview \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\/11\/03\/october-housing-market-stats-preview\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"October Housing Market Stats Preview \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Now that October is behind us, let’s have a look at the monthly stats preview. 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