Deeds in Snohomish climbed fifteen percent month-over-month (vs. a twenty-three percent increase in precisely the exact same period last year) and were down one percent from a year earlier.
This ’s another step of foreclosures for King County, considering Trustee Deeds, which is the kind of document filed with the county when a house is actually repossessed by the bank . Note that there are different ways for the lender to repossess a house that result in various documents being filed, like if a debtor files that a “ Deed in Lieu of Foreclosure and turns from the. ”
The article May Stats Preview: Sudden Listings Surge? Appeared on Seattle Bubble.
Trustee Deeds were sixty-four percent from one year ago. The only time there have been citizenship deeds than we’ve seen over the past couple of months has been August through October of 2003.
The amount of homes on the market in King County taken up percent in May. This is the largest increase since May 2008. This is a fairly big spike, if this isn ’ t some sort of data collection error. It follows a substantial increase of twelve per cent the month before, so we can eventually be seeing the beginning of a trend that counts toward an marketplace.
Foreclosure notices in King County were down fifty-four percent from one year ago and Snohomish County foreclosure notices were down thirty-two percentage from last year. As low as these foreclosure numbers are, I m amazed they continue to fall year-over-year.
Here’s the snapshot of the information as far back as my information goes, with the newest, high, and low values emphasized for each series:
Because the “ official ” information is released from various sources, stay tuned a for more sophisticated look at each one of these metrics.
Allow ’ s start with an update of the inventory graphs, updated with previous month inventory data in the NWMLS since this is where the interesting data is.
Here’s the outline for May: Revenue look for a bit lower than last year, even as the spring bump has begun. Listings are struggling to make profits. Foreclosures are nearly non-existent.
Yes, it has been over a month since the last update . When the market is exactly the exact same nonsense day after day, week after week, month after 24, What’s there to say? It’s exhausting, and that I ’m not in the market. You have my shame if you’re.
Even when I’m not posting here, I am still keeping my spreadsheets up to date and sharing them with those who support my continuing work as associates of Seattle Bubble.
Note that most of the charts above are based on comprehensive county-wide data that’s available through an easy investigation of King County and Snohomish County public records. In case you have drop a line in the comments and I.
Next, let’s consider total house sales as measured by the Amount of “Warranty Deeds” registered with King County:
Anyway, I’m back since there’s something definitely graphs that are intriguing in our regular preview ” for May. It appears like we ’ re seeing a surge of listings begin to accumulate, unless something has really broken in my data collection.