April was an exciting month for sellers on the Eastside as over 80% of homes sold over their list price. On the positive side for buyers, inventory (though still critically low) increased significantly, and the median price of homes dipped a little from $1.35M to $1.3M for single-family homes and from $575,000 to $525,000 for condos. In Seattle, inventory was only slightly higher last month and the median price increased by $50,000.
Strategic pricing is still critical for sellers as Buyers are factoring an increase to the list price in their search and passing on listings that are priced at recent, escalated sales prices. Well-priced, professionally marketed homes sell quickly in most price ranges/areas.
Working with an experienced Realtor matters whether you are buying or selling. I would love to help you achieve your real estate goals – just call, email, or text me.
BY THE NUMBERS
Click the images below to download your neighborhood’s recent real estate figures!