Mid-July Statistics for Kenmore, King & Snohomish Counties: The Market Picked-Up a Bit!!
The market experiened a humble increase in pending and sold homes in June throughout the area. As I mentioned in my blog on July 11th, this increase is a positive sign for a year that has seen little sign of picking up. The charts below illustrate the absorption rates for both King and Snohomish Counties. If you want to see larger charts, just click on them:
June shows a slight drop in the King County inventory and a slight increase in the absorption of homes. Last month there were 16,435 active listings and 2414 net pending sales (vs. 15,831 actives in June and 2549 pending sales). The absorption rate of 16.1% is 2% higher than May. Snohomish County wasn’t much different:
I was encouraged by figures offered by Rainier Title, which showed that Kenmore held it’s own as compared to last June. Below I’ve compressed a report which shows sales and price figures for a number of communities close by Kenmore. You can see the larger version of this report by simply clicking on it:
Basically, we had an OK month in June. Just remember that what this market place needs right now is confidence.
