| Residential Status | December | November | October | September |
| Sold | 522 | 573 | 551 | 510 |
| Pending | 769* | 930 | 1,069 | 1,052 |
| Active | 3,459 | 3,925 | 4,064 | 4,287 |
This information is courtesy of the NWMLS. This does not include condos.
*276 went pending in the month of December
The month of December finished with the usual decline in active, pending, and solds. The percentage of distressed (bank-owned or short sale) properties active and pending - at 29 and 31% this month - did not change significantly from November. However, the percentage of distressed properties sold was up significantly from November's 27% to 40% for December! We'll watch this trend closely to see if it continues, as it could be indicative of a turnaround on the horizon. In Snohomish county, 25% of all residential real estate activity (not including condos) is either bank owned or in a short sale situation.
Here's some interesting stats - check out the year-end comparison of sold residential properties (not including condos):
2009 - 6,430 homes sold
2008 - 5,946 homes sold
2007 - 10,099 homes sold
2006 - 13,395 homes sold
Side note for 2009 - only 152 vacant land listings sold that were listed on the Northwest Multiple Lisings for ALL of 2009, compared to 514 in 2007.
Current interest rates are hovering around 5.050% with all indications leading to a rate increase in the near future.
