December, 2016 MTD MARKET UPDATE Data Current Through: December, 2016 Seattle (NWMLS Areas: 140, 380, 385, 390,, 701, 705, 710) Summary Active, Pending, & Months Supply of Inventory 2,500 2,000 1,500 1,835 5.2 7.4 1,944 1,545 3.8 1,621 4.3 1,137 Active Listings MTD Pending Sales MTD Months of Inventory 8 mo. 7 mo. 6 mo. 5 mo. 4 mo. 1,000 500 355 263 407 374 2.7 609 505 416 398 418 420 1.5 1.5 1.2 432 354 283 318 0.8 0.7 3 mo. 2 mo. 1 mo. 0 0 mo. Median Closed Sales Price for Current Month Closings,000,000 $,000 $635,000 500,000 400,000 $455,975 $436, $400,000 $390,000 $375,000 $420, $450,000 $500,000,000 200,000,000-4% -8% Year 0 Rank (Multiple Items) -3% -4% 12% 7% 11% 20% 6% Current Year Yes
December MTD MARKET UPDATE Data Current Through: December, 2016 Seattle (NWMLS Areas: 140, 380, 385, 390,, 701, 705, 710) Summary 14,000 What Are The Odds of Selling? % 12,000 10,000 8,000 6,000 11,799 62% 7,366 11,596 10,337 10,462 8,379 64% 52% 51% 46% 5,314 5,426 5,342 5,345 79% 81% 81% 9,124 9,077 7,732 7,356 7,369 6,124 89% 87% 9,085 8,634 7,715 7,859 90% 80% 70% 60% 50% 40% 4,000 30% 2,000 20% 10% 0 New Listings (Trailing 12 Mo.) Closed Sales (Trailing 12 Mo.) Closed Vs. New Listings 0% Percentage of Pending Sales that do not Close 10,000 9,000 8,000 7,000 6,000 7,582 7,366 24 % 23 % 7,074 7,026 6,790 21 % 6,059 5,314 5,426 5,342 5,345 7,861 22 % 6,124 8,926 8,707 7,356 7,369 18 % 8,918 8,926 7,715 7,859 30% 25% 20% 5,000 4,000 3,000 12 % 15 % 13 % 12 % 15% 10% 2,000 1,000 3 % 5% 0 Pending Sales (Trailing 12 Mo.) Closed Sales (Trailing 12 Mo.) Closed Vs. Pending Listings 0%
Seattle (NWMLS Areas: 140, 380, 385, 390,, 701, 705, 710) Summary Report PERCENTAGE OF LISTINGS SOLD ABOVE, AT, BELOW LIST AND WITH A CHANGE 29% -Dec- 2015 40% 26% -Nov- 2016 39% 29% -Dec- 2016 34% 16% 15% 17% 18% 19% 18% SAME MONTH LAST YEAR LAST MONTH CURRENT MONTH SOLD SOLD SOLD ABOVE AT BELOW CHANGE DECEMBER 2016 LIST LIST LIST BEFORE SALE AVERAGE DAYS ON MARKET 7 12 25 62 NUMBER OF SALES IN MONTH 218 116 122 186 MEDIAN DIFFERENCE FROM LIST 6% 0% -3% N/A
Months Area Inventory Area Inventory 2016 2015 2016 2015 1.3 1.6 0.4 0.8 1.2 1.4 1.1 1.7 120 1.7 1.2 1.0 1.0 0.8 1.2 1.0 1.3 140 1.0 0.6 0.9 1.5 1.8 3.0 0.8 1.3 1.3 1.6 0.9 1.3 1.0 1.4 705 0.5 0.6 330 1.1 1.2 710 0.5 0.8 0.7 1.0 715 0.9 1.0 350 1.1 1.4 720 0.8 0.7 1.0 1.0 0.4 0.8 380 0.9 0.8 0.9 1.4 385 0.5 1.5 1.5 1.5 390 0.9 1.0 1.4 1.6 500 1.2 1.0 1.3 1.7 510 3.0 2.7 2.5 2.3 1.8 1.8 Months 0-3 3-6 6+ SELLER'S ADVANTAGE BALANCED ADVANTAGE 3 YEARS AGO BUYER'S ADVANTAGE Months Supply of Inventory CURRENT MONTH KING & SNOHOMISH COUNTY Residential Tacoma 2 YEARS AGO 1 YEAR AGO 705 710 Edmonds Seattle 390 140 385 380 Burien Federal Way Mountlake Terrace Puyallup 510 Kirkland Renton Kent Auburn Arlington Marysville Bellevue Woodinville Redmond Sammamish Monroe Enumclaw North Bend A r lington A rlington A r lington M arysville M arysville M a rysville M on roe M on roe M on roe Edmonds Mo untlake Edmonds Mo untlake E dmonds M o untlake Wo odinville Wo odinville Wo odinville K i rkland 705 R e dmond 710 S e attle 390 Bellevue Sam mamish 140 385 510 380 K irkland 705 R e dmond 710 S e attle 390 Bellevue Sam mamish 140 385 510 380 K i rkland 705 R e dmond 710 S e attle 390 B ellevue Sam mamish 140 385 510 380 B u rien R e nton N o rth B e nd B urien R e nton N o rth B e nd B u rien R e nton N o rth B e nd Kent Kent K ent F e deral Wa y Au burn F e deral Wa y Auburn F e deral Wa y Au burn T acoma P u yallup E numclaw T acoma P u yallup E numclaw T acoma P u yallup E numclaw
10.3 % 10.1 % 9.3 % 8.4 % 7.3 % 8.4 % 7.9 % 7.8 % 7.6 % 6.9 % 7.4 % 8.1 % 7.0 % 6.5 % 5.8 % 5.8 % 5.9 % 6.4 % 6.3 % 6.0 % 5.0 % 4.7 % 4.5 % 3.7 % 4.0 % 4.2 % 3.9 % 4.2 % $1,275 $1,587 $1,466 $1,389 $1,271 $1,485 $1,477 $1,518 $1,626 $1,714 $1,995 $2,312 $2,144 $2,151 $2,078 $2,302 $2,136 $2,020 $2,459 $2,398 $2,357 $2,695 $2,642 $2,747 $3,244 $3,172 $3,183 $3,509 MARKET UPDATE Data Current Through: December, 2016 Monthly Payments Vs. Appreciation Trendline King County () Monthly Payments (principal + interest) based on average price and interest rate King County Annual Average Residential Closed Sales Price (with interest rate in bars) $,000 Appreciation Trend Line represents Seattle Consumer PRice Index: all items, all urban consumers $,000 $500,000 $400,000 $,000 $200,000 $,000 $0 The Cost of Waiting a Year Seattle Sales Price to List Price based on Market Time Seattle King County Median Price Rate 30-Year-Fixed P&I Principal & Interest Market Time (DOM) Median SP to Original LP % Median SP to Last LP % Total Units % of Total December, 2016 $635,000 4.20% $3,105 < 15.7%.5% 383 59.7% December, 2015 $,000 3.96% $2,851 15-30 97.8% 98.9% 104 16.2% $35,000 0.24% $255 Per Month $3,055 Per Year 31-60 95.8% 98.4% 104 16.2% 61-90 93.1% 98.6% 27 4.2% 90+ 89.8% 96.5% 24 3.7% Totals 642.0%
Seattle (NWMLS Areas: 140, 380, 385, 390,, 701, 705, 710) Summary Report JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC MTD % YTD Summary YTD % 2016 # of Active Listings 417 427 479 580 556 573 719 648 848 678 478 318 12% AVG 3% # of Pending Transactions 424 587 792 803 983 911 804 876 831 843 640 432 22% 8,926 YTD 0% Months Supply of Inventory 1.0 0.7 0.6 0.7 0.6 0.6 0.9 0.7 1.0 0.8 0.7 0.7-8% 0.8 AVG 2% # of Closed Sales 350 371 545 654 852 775 781 701 728 703 639 5% 7,859 YTD 2% Median Closed Price 618,450 644,950 640,000 637,250 641,250 666,500 650,000 625,000 630,000 625,000 615,000 635,000 6% 636, WA 13% 2015 # of Active Listings 482 532 519 556 572 593 625 697 628 421 283-44% 542 AVG -33% # of Pending Transactions 557 605 897 952 928 893 832 765 790 744 601 354-16% 8,918 YTD 2% Months Supply of Inventory 0.9 0.9 0.6 0.6 0.6 0.7 0.7 0.8 0.9 0.8 0.7 0.8-34% 0.7 AVG -34% # of Closed Sales 380 396 572 707 825 857 808 684 678 500 608 3% 7,715 YTD 5% Median Closed Price 517,500,000 535,000 552,500 559,950 575,000 575,500 575,000 571,000 555,000 598,000,000 20% 564,055 WA 14% 2014 # of Active Listings 644 646 671 759 908 946 1,018 920 1,043 931 726 505-17% 810 AVG -9% # of Pending Transactions 525 753 835 887 911 816 796 769 782 603 420 0% 8,707 YTD -2% Months Supply of Inventory 1.2 1.1 0.9 0.9 1.0 1.0 1.2 1.2 1.4 1.2 1.2 1.2-17% 1.1 AVG -7% # of Closed Sales 395 379 576 723 766 675 643 691 582 589 15% 7,369 YTD 0% Median Closed Price 459,950 460,000 450,000 479,000 490,000 499,000 543,500 499,950 517,000 515,000 498,950 500,000 11% 496,322 WA 9% 2013 # of Active Listings 635 687 713 767 919 1,028 1,085 1,127 1,177 1,075 834 609 1% 888 AVG -15% # of Pending Transactions 494 633 805 856 912 909 899 825 792 787 596 418 5% 8,926 YTD 14% Months Supply of Inventory 1.3 1.1 0.9 0.9 1.0 1.1 1.2 1.4 1.5 1.4 1.4 1.5-3% 1.2 AVG -25% # of Closed Sales 384 357 514 613 778 734 813 767 642 690 552 512 14% 7,356 YTD 20% Median Closed Price 395,900 420,000 462,375 453,500 460,000 458,000 465,000 457,000 461,000 475,500 455,000 450,000 7% 454,847 WA 10% MONTHLY AVERAGES BASED ON HISTORICAL DATA 2006-2015 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Annual Totals # of Active Listings 1,311 1,391 1,463 1,573 1,663 1,689 1,738 1,690 1,810 1,720 1,474 1,120 1,554 AVG % of 12 Month Avg. 84% 90% 94% 101% 107% 109% 112% 109% 117% 111% 95% 72% # of Pending Transactions 468 581 743 782 769 766 696 683 647 650 519 387 7,691 T % of 12 Month Avg. 73% 91% 116% 122% 120% 120% 109% 106% 101% 101% 81% 60% Months Supply of Inventory 2.8 2.4 2.0 2.0 2.2 2.2 2.5 2.5 2.8 2.6 2.8 2.9 2.5 AVG % of 12 Month Avg. 113% 97% 80% 81% 87% 89% 101% % 113% 107% 115% 117% # of closed units 344 346 517 563 651 678 650 617 542 564 484 483 6,439 T % of 12 Month Avg. 64% 64% 96% 105% 121% 126% 121% 115% 101% 105% 90% 90% AVG = Average, YTD = Year to Date, WA = Weighted Average, T = Total
Seattle (NWMLS Areas: 140, 380, 385, 390,, 701, 705, 710) Summary Report JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC MTD % YTD Summary YoY % 2012 # of Active Listings 1,128 1,058 1,089 1,097 1,137 1,166 1,142 1,113 1,214 1,012 824-47% 1,048 AVG -38% # of Pending Transactions 468 639 772 786 724 672 680 681 744 537 398-4% 7,861 YTD 12% Months Supply of Inventory 2.4 1.7 1.4 1.4 1.4 1.6 1.7 1.6 1.8 1.4 1.5 1.5-45% 1.6 AVG -44% # of Closed Sales 316 460 519 608 648 603 580 508 561 451 7% 6,124 YTD 15% Median Closed Price 350,500 365,000 397,000 425,000 425,500 425,000 425,000 411, 425,000 419,950 425,000 420, 12% 414,034 WA 8% 2011 # of Active Listings 1,670 1,699 1,691 1,847 1,816 1,872 1,845 1,753 1,805 1,650 1,432 1,137-30% 1,685 AVG -27% # of Pending Transactions 460 566 695 654 710 669 605 641 546 565 499 416 11% 7,026 YTD 3% Months Supply of Inventory 3.6 3.0 2.4 2.8 2.6 2.8 3.0 2.7 3.3 2.9 2.9 2.7-37% 2.9 AVG -32% # of Closed Sales 281 293 483 481 497 584 504 512 456 434 399 421-8% 5,345 YTD 0% Median Closed Price 390,000 355,000 385,000 385,000 385,000 382,500 399,950 380,000 394,000 380,000,000 375,000-4% 381,984 WA -7% 2010 # of Active Listings 1,771 1,991 2,218 2,438 2,451 2,512 2,673 2,679 2,637 2,439 2,124 1,621 5% 2,296 AVG 5% # of Pending Transactions 469 607 842 892 549 553 483 474 531 571 445 374-8% 6,790 YTD -4% Months Supply of Inventory 3.8 3.3 2.6 2.7 4.5 4.5 5.5 5.7 5.0 4.3 4.8 4.3 14% 4.2 AVG 8% # of Closed Sales 334 313 527 523 611 497 391 346 403 378 459-2% 5,342 YTD -2% Median Closed Price 415,000 399,000 390,000 414,500 420,000 410,000 440,000 420,000 414,500 417,000 398,125 390,000-3% 411,063 WA 3% 2009 # of Active Listings 2,044 2,273 2,278 2,308 2,338 2,290 2,377 2,302 2,333 2,262 1,939 1,545-21% 2,191 AVG -15% # of Pending Transactions 335 378 557 679 711 759 657 705 727 679 480 407 55% 7,074 YTD 17% Months Supply of Inventory 6.1 6.0 4.1 3.4 3.3 3.0 3.6 3.3 3.2 3.3 4.0 3.8-49% 3.9 AVG -26% # of Closed Sales 225 222 318 361 465 597 594 531 538 593 512 470 62% 5,426 YTD 2% Median Closed Price 400,000 393,500 387,450 399,000 399,000 402,500 400,000 400,000 411,000 400,000 399,995 400,000-8% 400,212 WA -10% 2008 # of Active Listings 2,128 2,280 2,490 2,749 2,926 2,813 2,827 2,737 2,787 2,718 2,441 1,944 6% 2,570 AVG 33% # of Pending Transactions 396 528 569 590 574 638 590 569 555 421 366 263-26% 6,059 YTD -20% Months Supply of Inventor 5.4 4.3 4.4 4.7 5.1 4.4 4.8 4.8 5.0 6.5 6.7 7.4 43% 5.3 AVG 56% # of Closed Sales 323 387 509 516 549 539 521 506 462 425 287 290-38% 5,314 YTD -28% Median Closed Price 430,000 450,000 450,990 440,000 475,000 469,000 464, 427,975 426,250 416,000 415,000 436, -4% 444,374 WA -6% 2007 # of Active Listings 1, 1,354 1,494 1,640 1,896 1,982 2,078 2,101 2, 2,624 2,382 1,835 64% 1,937 AVG 191% # of Pending Transactions 512 663 807 808 866 842 707 454 503 465 355-23% 7,582 YTD 140% Months Supply of Inventor 2.5 2.0 1.9 2.0 2.2 2.4 2.9 3.5 5.6 5.2 5.1 5.2 113% 3.4 AVG 219% # of Closed Sales 462 449 698 803 813 758 708 517 506 438 464-19% 7,366 YTD 124% Median Closed Price 425,000 440,250 460,000 480,000 488,000 499,000 486,000 501,000 455,000 475,000 472,475 455,975-2% 473,778 WA 3% 2006 # of Active Listings 0 0 0 0 0 0 0 1,545 1,850 1,857 1,618 1,122 14% 666 AVG 19% # of Pending Transactions 0 0 0 0 0 0 0 627 706 597 462-4% 3,162 YTD -11% Months Supply of Inventor 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 3.0 2.6 2.7 2.4 19% 1.1 AVG 33% # of Closed Sales 0 0 0 0 0 0 0 815 631 638 628 570-14% 3,282 YTD -13% Median Closed Price 0 0 0 0 0 0 0 455,000 449,475 475,000 457,500 463,000 10% 459,693 WA 11% AVG = Average, YTD = Year to Date, WA = Weighted Average