Based
on King and Snohomish County public records, foreclosures are slowly
decreasing to normal levels while inventory rose for the second month in
a row. Measured by the number of “Warranty Deeds” filed with King
County, sales rose 15% from March to April and were up 28%
year-over-year. In Snohomish County, sales rose 8% month-over-month and
26% from May of last year.Foreclosures in King County fell again but were just above last year’s level. Although Snohomish County increased in foreclosures, they are still at their second-lowest level in the last 11 months.
Buyers will be happy to hear that inventory in King County rose 15.6% this year compared to 2.3% between April and May of last year. Listing fell 3.1% last year in Snohomish County. This year they were up 6.0%.
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