real estate by the numbers
Our Spring market started a bit later than usual this year, but it is in full swing now! Multiple offers and offer review dates are the norm again. Inventory definitely increased, but pent-up buyer demand more than made of for it. The median price of a Single Family Residence (SFR) on the Eastside went up 14% last month to $1,682,500. Over 65% of SFRs sold above list price, compared to 39% in February and nearly 80% sold within 15 days as inventory hit new lows. Interestingly, the condo median price decreased 8% to $610,000, a likely correction to the 16% increase we saw the previous month.
The greater Seattle market is more balanced, with higher inventory than on the Eastside. The median price of a SFR barely changed in March and increases in the percentage of homes selling above list price and those selling in less than 15 days were modest. However, the median price of a Seattle condo increased another 5% in March to $587,500, despite the greater supply.
Buyers appear to be accepting that interest rates are unlikely to decrease dramatically this year and are realizing that waiting is likely to result in higher prices. For sellers, the good news is that sales remain very robust.
53%
OF HOMES SOLD ABOVE LIST PRICE
85%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.6
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of March 2024.
Our Spring market started a bit later than usual this year, but it is in full swing now! Multiple offers and offer review dates are the norm again. Inventory definitely increased, but pent-up buyer demand more than made of for it. The median price of a Single Family Residence (SFR) on the Eastside went up 14% last month to $1,682,500. Over 65% of SFRs sold above list price, compared to 39% in February and nearly 80% sold within 15 days as inventory hit new lows. Interestingly, the condo median price decreased 8% to $610,000, a likely correction to the 16% increase we saw the previous month.
The greater Seattle market is more balanced, with higher inventory than on the Eastside. The median price of a SFR barely changed in March and increases in the percentage of homes selling above list price and those selling in less than 15 days were modest. However, the median price of a Seattle condo increased another 5% in March to $587,500, despite the greater supply.
Buyers appear to be accepting that interest rates are unlikely to decrease dramatically this year and are realizing that waiting is likely to result in higher prices. For sellers, the good news is that sales remain very robust.
37%
OF HOMES SOLD ABOVE LIST PRICE
79%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.1
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of March 2024.
Our Spring market started a bit later than usual this year, but it is in full swing now! Multiple offers and offer review dates are the norm again. Inventory definitely increased, but pent-up buyer demand more than made of for it. The median price of a Single Family Residence (SFR) on the Eastside went up 14% last month to $1,682,500. Over 65% of SFRs sold above list price, compared to 39% in February and nearly 80% sold within 15 days as inventory hit new lows. Interestingly, the condo median price decreased 8% to $610,000, a likely correction to the 16% increase we saw the previous month.
The greater Seattle market is more balanced, with higher inventory than on the Eastside. The median price of a SFR barely changed in March and increases in the percentage of homes selling above list price and those selling in less than 15 days were modest. However, the median price of a Seattle condo increased another 5% in March to $587,500, despite the greater supply.
Buyers appear to be accepting that interest rates are unlikely to decrease dramatically this year and are realizing that waiting is likely to result in higher prices. For sellers, the good news is that sales remain very robust.
46%
OF HOMES SOLD ABOVE LIST PRICE
83%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.6
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of March 2024.
Our Spring market started a bit later than usual this year, but it is in full swing now! Multiple offers and offer review dates are the norm again. Inventory definitely increased, but pent-up buyer demand more than made of for it. The median price of a Single Family Residence (SFR) on the Eastside went up 14% last month to $1,682,500. Over 65% of SFRs sold above list price, compared to 39% in February and nearly 80% sold within 15 days as inventory hit new lows. Interestingly, the condo median price decreased 8% to $610,000, a likely correction to the 16% increase we saw the previous month.
The greater Seattle market is more balanced, with higher inventory than on the Eastside. The median price of a SFR barely changed in March and increases in the percentage of homes selling above list price and those selling in less than 15 days were modest. However, the median price of a Seattle condo increased another 5% in March to $587,500, despite the greater supply.
Buyers appear to be accepting that interest rates are unlikely to decrease dramatically this year and are realizing that waiting is likely to result in higher prices. For sellers, the good news is that sales remain very robust.
53%
OF HOMES SOLD ABOVE LIST PRICE
85%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.6
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of March 2024.
Our Spring market started a bit later than usual this year, but it is in full swing now! Multiple offers and offer review dates are the norm again. Inventory definitely increased, but pent-up buyer demand more than made of for it. The median price of a Single Family Residence (SFR) on the Eastside went up 14% last month to $1,682,500. Over 65% of SFRs sold above list price, compared to 39% in February and nearly 80% sold within 15 days as inventory hit new lows. Interestingly, the condo median price decreased 8% to $610,000, a likely correction to the 16% increase we saw the previous month.
The greater Seattle market is more balanced, with higher inventory than on the Eastside. The median price of a SFR barely changed in March and increases in the percentage of homes selling above list price and those selling in less than 15 days were modest. However, the median price of a Seattle condo increased another 5% in March to $587,500, despite the greater supply.
Buyers appear to be accepting that interest rates are unlikely to decrease dramatically this year and are realizing that waiting is likely to result in higher prices. For sellers, the good news is that sales remain very robust.
37%
OF HOMES SOLD ABOVE LIST PRICE
79%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.1
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of March 2024.
Our Spring market started a bit later than usual this year, but it is in full swing now! Multiple offers and offer review dates are the norm again. Inventory definitely increased, but pent-up buyer demand more than made of for it. The median price of a Single Family Residence (SFR) on the Eastside went up 14% last month to $1,682,500. Over 65% of SFRs sold above list price, compared to 39% in February and nearly 80% sold within 15 days as inventory hit new lows. Interestingly, the condo median price decreased 8% to $610,000, a likely correction to the 16% increase we saw the previous month.
The greater Seattle market is more balanced, with higher inventory than on the Eastside. The median price of a SFR barely changed in March and increases in the percentage of homes selling above list price and those selling in less than 15 days were modest. However, the median price of a Seattle condo increased another 5% in March to $587,500, despite the greater supply.
Buyers appear to be accepting that interest rates are unlikely to decrease dramatically this year and are realizing that waiting is likely to result in higher prices. For sellers, the good news is that sales remain very robust.
46%
OF HOMES SOLD ABOVE LIST PRICE
83%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.6
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of March 2024.
People are often surprised to learn that the best time to sell a home in our area is February through April. It seems counter-intuitive since our weather is often challenging during those months, but the fact is that as inventory builds and the weather improves, sales slow down. This year is no exception, as demand has continued to outstrip supply, heating up the market. 66% of Eastside Single Family Residence (SFR) listings sold within 15 days in February vs 45% in January. The good news for buyers is that, despite significantly more homes selling at or above list price in February (57% vs 33% in January), the median price of a SFR on the Eastside only went up $5000 to $1,470,000. The condo median price did increase over 16% to $665,000, but I believe that is most likely a correction to the unusual 9.5% decrease we saw in January.
In the Seattle metro area, the SFR median price increased 6.7% to $927,450 in February. The percentage of Seattle SFRs that sold at or above list price nearly doubled (to 63% from 32% in January) as did the percentage of homes that sold quickly (65% within 15 days vs 33% in January). The median price of a Seattle condo increased 3.8% to $558,000.
If you’re thinking of listing, there is still time to take advantage of our strong Spring market! Just give me a call - I’m happy to consult with you on how best to get your home market-ready as quickly as you are comfortable with. For buyers, being well-prepared, motivated and flexible are the keys to taking advantage of the current pricing opportunities/increasing inventory. When it comes to succeeding in a multiple-offer situation, it’s critical to work with an experienced agent who can negotiate on your behalf. There have been many instances where my buyers have prevailed, despite not having the highest offer. I’d love to help you succeed in finding your next home, too!
42%
OF HOMES SOLD ABOVE LIST PRICE
72%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.8
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of February 2024.
People are often surprised to learn that the best time to sell a home in our area is February through April. It seems counter-intuitive since our weather is often challenging during those months, but the fact is that as inventory builds and the weather improves, sales slow down. This year is no exception, as demand has continued to outstrip supply, heating up the market. 66% of Eastside Single Family Residence (SFR) listings sold within 15 days in February vs 45% in January. The good news for buyers is that, despite significantly more homes selling at or above list price in February (57% vs 33% in January), the median price of a SFR on the Eastside only went up $5000 to $1,470,000. The condo median price did increase over 16% to $665,000, but I believe that is most likely a correction to the unusual 9.5% decrease we saw in January.
In the Seattle metro area, the SFR median price increased 6.7% to $927,450 in February. The percentage of Seattle SFRs that sold at or above list price nearly doubled (to 63% from 32% in January) as did the percentage of homes that sold quickly (65% within 15 days vs 33% in January). The median price of a Seattle condo increased 3.8% to $558,000.
If you’re thinking of listing, there is still time to take advantage of our strong Spring market! Just give me a call - I’m happy to consult with you on how best to get your home market-ready as quickly as you are comfortable with. For buyers, being well-prepared, motivated and flexible are the keys to taking advantage of the current pricing opportunities/increasing inventory. When it comes to succeeding in a multiple-offer situation, it’s critical to work with an experienced agent who can negotiate on your behalf. There have been many instances where my buyers have prevailed, despite not having the highest offer. I’d love to help you succeed in finding your next home, too!
41%
OF HOMES SOLD ABOVE LIST PRICE
70%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.1
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of February 2024.
People are often surprised to learn that the best time to sell a home in our area is February through April. It seems counter-intuitive since our weather is often challenging during those months, but the fact is that as inventory builds and the weather improves, sales slow down. This year is no exception, as demand has continued to outstrip supply, heating up the market. 66% of Eastside Single Family Residence (SFR) listings sold within 15 days in February vs 45% in January. The good news for buyers is that, despite significantly more homes selling at or above list price in February (57% vs 33% in January), the median price of a SFR on the Eastside only went up $5000 to $1,470,000. The condo median price did increase over 16% to $665,000, but I believe that is most likely a correction to the unusual 9.5% decrease we saw in January.
In the Seattle metro area, the SFR median price increased 6.7% to $927,450 in February. The percentage of Seattle SFRs that sold at or above list price nearly doubled (to 63% from 32% in January) as did the percentage of homes that sold quickly (65% within 15 days vs 33% in January). The median price of a Seattle condo increased 3.8% to $558,000.
If you’re thinking of listing, there is still time to take advantage of our strong Spring market! Just give me a call - I’m happy to consult with you on how best to get your home market-ready as quickly as you are comfortable with. For buyers, being well-prepared, motivated and flexible are the keys to taking advantage of the current pricing opportunities/increasing inventory. When it comes to succeeding in a multiple-offer situation, it’s critical to work with an experienced agent who can negotiate on your behalf. There have been many instances where my buyers have prevailed, despite not having the highest offer. I’d love to help you succeed in finding your next home, too!
35%
OF HOMES SOLD ABOVE LIST PRICE
67%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.6
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of February 2024.
People are often surprised to learn that the best time to sell a home in our area is February through April. It seems counter-intuitive since our weather is often challenging during those months, but the fact is that as inventory builds and the weather improves, sales slow down. This year is no exception, as demand has continued to outstrip supply, heating up the market. 66% of Eastside Single Family Residence (SFR) listings sold within 15 days in February vs 45% in January. The good news for buyers is that, despite significantly more homes selling at or above list price in February (57% vs 33% in January), the median price of a SFR on the Eastside only went up $5000 to $1,470,000. The condo median price did increase over 16% to $665,000, but I believe that is most likely a correction to the unusual 9.5% decrease we saw in January.
In the Seattle metro area, the SFR median price increased 6.7% to $927,450 in February. The percentage of Seattle SFRs that sold at or above list price nearly doubled (to 63% from 32% in January) as did the percentage of homes that sold quickly (65% within 15 days vs 33% in January). The median price of a Seattle condo increased 3.8% to $558,000.
If you’re thinking of listing, there is still time to take advantage of our strong Spring market! Just give me a call - I’m happy to consult with you on how best to get your home market-ready as quickly as you are comfortable with. For buyers, being well-prepared, motivated and flexible are the keys to taking advantage of the current pricing opportunities/increasing inventory. When it comes to succeeding in a multiple-offer situation, it’s critical to work with an experienced agent who can negotiate on your behalf. There have been many instances where my buyers have prevailed, despite not having the highest offer. I’d love to help you succeed in finding your next home, too!
42%
OF HOMES SOLD ABOVE LIST PRICE
72%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.8
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of February 2024.
People are often surprised to learn that the best time to sell a home in our area is February through April. It seems counter-intuitive since our weather is often challenging during those months, but the fact is that as inventory builds and the weather improves, sales slow down. This year is no exception, as demand has continued to outstrip supply, heating up the market. 66% of Eastside Single Family Residence (SFR) listings sold within 15 days in February vs 45% in January. The good news for buyers is that, despite significantly more homes selling at or above list price in February (57% vs 33% in January), the median price of a SFR on the Eastside only went up $5000 to $1,470,000. The condo median price did increase over 16% to $665,000, but I believe that is most likely a correction to the unusual 9.5% decrease we saw in January.
In the Seattle metro area, the SFR median price increased 6.7% to $927,450 in February. The percentage of Seattle SFRs that sold at or above list price nearly doubled (to 63% from 32% in January) as did the percentage of homes that sold quickly (65% within 15 days vs 33% in January). The median price of a Seattle condo increased 3.8% to $558,000.
If you’re thinking of listing, there is still time to take advantage of our strong Spring market! Just give me a call - I’m happy to consult with you on how best to get your home market-ready as quickly as you are comfortable with. For buyers, being well-prepared, motivated and flexible are the keys to taking advantage of the current pricing opportunities/increasing inventory. When it comes to succeeding in a multiple-offer situation, it’s critical to work with an experienced agent who can negotiate on your behalf. There have been many instances where my buyers have prevailed, despite not having the highest offer. I’d love to help you succeed in finding your next home, too!
41%
OF HOMES SOLD ABOVE LIST PRICE
70%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.1
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of February 2024.
People are often surprised to learn that the best time to sell a home in our area is February through April. It seems counter-intuitive since our weather is often challenging during those months, but the fact is that as inventory builds and the weather improves, sales slow down. This year is no exception, as demand has continued to outstrip supply, heating up the market. 66% of Eastside Single Family Residence (SFR) listings sold within 15 days in February vs 45% in January. The good news for buyers is that, despite significantly more homes selling at or above list price in February (57% vs 33% in January), the median price of a SFR on the Eastside only went up $5000 to $1,470,000. The condo median price did increase over 16% to $665,000, but I believe that is most likely a correction to the unusual 9.5% decrease we saw in January.
In the Seattle metro area, the SFR median price increased 6.7% to $927,450 in February. The percentage of Seattle SFRs that sold at or above list price nearly doubled (to 63% from 32% in January) as did the percentage of homes that sold quickly (65% within 15 days vs 33% in January). The median price of a Seattle condo increased 3.8% to $558,000.
If you’re thinking of listing, there is still time to take advantage of our strong Spring market! Just give me a call - I’m happy to consult with you on how best to get your home market-ready as quickly as you are comfortable with. For buyers, being well-prepared, motivated and flexible are the keys to taking advantage of the current pricing opportunities/increasing inventory. When it comes to succeeding in a multiple-offer situation, it’s critical to work with an experienced agent who can negotiate on your behalf. There have been many instances where my buyers have prevailed, despite not having the highest offer. I’d love to help you succeed in finding your next home, too!
35%
OF HOMES SOLD ABOVE LIST PRICE
67%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.6
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of February 2024.
The market picked up last month, with higher attendance at open houses and multiple offers becoming more common. Although Inventory increased significantly in both Seattle and on the Eastside, so did the number of pending sales, resulting in even tighter inventory as we headed into February. Market times increased in both areas in January indicating buyers are being choosy and it behooves sellers to take steps to ensure their homes are market-ready. If you’re thinking of selling, it’s a great time to enter the market ahead of the usual influx of new listings we typically see in late Spring/Summer.
The median prices of a single-family residences in both areas increased modestly - $25,000 to $1,465,000 on the Eastside $19,000 to $869,000 in Seattle. Surprisingly, the median prices of condos went down significantly on both the Eastside (-9.5% to $570,000) and in Seattle (-8% to $537,500). It remains to be seen if this is an anomaly or the beginning of a softening in condo market pricing.
Interest rates ticked down a little in January, giving buyers confidence to enter the market. There is still time to take advantage of stable pricing and good rates. If you (or someone you know) are thinking of buying, I’d love to help!
20%
OF HOMES SOLD ABOVE LIST PRICE
55%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.9
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of January 2024.
The market picked up last month, with higher attendance at open houses and multiple offers becoming more common. Although Inventory increased significantly in both Seattle and on the Eastside, so did the number of pending sales, resulting in even tighter inventory as we headed into February. Market times increased in both areas in January indicating buyers are being choosy and it behooves sellers to take steps to ensure their homes are market-ready. If you’re thinking of selling, it’s a great time to enter the market ahead of the usual influx of new listings we typically see in late Spring/Summer.
The median prices of a single-family residences in both areas increased modestly - $25,000 to $1,465,000 on the Eastside $19,000 to $869,000 in Seattle. Surprisingly, the median prices of condos went down significantly on both the Eastside (-9.5% to $570,000) and in Seattle (-8% to $537,500). It remains to be seen if this is an anomaly or the beginning of a softening in condo market pricing.
Interest rates ticked down a little in January, giving buyers confidence to enter the market. There is still time to take advantage of stable pricing and good rates. If you (or someone you know) are thinking of buying, I’d love to help!
19%
OF HOMES SOLD ABOVE LIST PRICE
53%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.0
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of January 2024.
The market picked up last month, with higher attendance at open houses and multiple offers becoming more common. Although Inventory increased significantly in both Seattle and on the Eastside, so did the number of pending sales, resulting in even tighter inventory as we headed into February. Market times increased in both areas in January indicating buyers are being choosy and it behooves sellers to take steps to ensure their homes are market-ready. If you’re thinking of selling, it’s a great time to enter the market ahead of the usual influx of new listings we typically see in late Spring/Summer.
The median prices of a single-family residences in both areas increased modestly - $25,000 to $1,465,000 on the Eastside $19,000 to $869,000 in Seattle. Surprisingly, the median prices of condos went down significantly on both the Eastside (-9.5% to $570,000) and in Seattle (-8% to $537,500). It remains to be seen if this is an anomaly or the beginning of a softening in condo market pricing.
Interest rates ticked down a little in January, giving buyers confidence to enter the market. There is still time to take advantage of stable pricing and good rates. If you (or someone you know) are thinking of buying, I’d love to help!
22%
OF HOMES SOLD ABOVE LIST PRICE
56%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.6
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of January 2024.
The market picked up last month, with higher attendance at open houses and multiple offers becoming more common. Although Inventory increased significantly in both Seattle and on the Eastside, so did the number of pending sales, resulting in even tighter inventory as we headed into February. Market times increased in both areas in January indicating buyers are being choosy and it behooves sellers to take steps to ensure their homes are market-ready. If you’re thinking of selling, it’s a great time to enter the market ahead of the usual influx of new listings we typically see in late Spring/Summer.
The median prices of a single-family residences in both areas increased modestly - $25,000 to $1,465,000 on the Eastside $19,000 to $869,000 in Seattle. Surprisingly, the median prices of condos went down significantly on both the Eastside (-9.5% to $570,000) and in Seattle (-8% to $537,500). It remains to be seen if this is an anomaly or the beginning of a softening in condo market pricing.
Interest rates ticked down a little in January, giving buyers confidence to enter the market. There is still time to take advantage of stable pricing and good rates. If you (or someone you know) are thinking of buying, I’d love to help!
20%
OF HOMES SOLD ABOVE LIST PRICE
55%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.9
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of January 2024.
The market picked up last month, with higher attendance at open houses and multiple offers becoming more common. Although Inventory increased significantly in both Seattle and on the Eastside, so did the number of pending sales, resulting in even tighter inventory as we headed into February. Market times increased in both areas in January indicating buyers are being choosy and it behooves sellers to take steps to ensure their homes are market-ready. If you’re thinking of selling, it’s a great time to enter the market ahead of the usual influx of new listings we typically see in late Spring/Summer.
The median prices of a single-family residences in both areas increased modestly - $25,000 to $1,465,000 on the Eastside $19,000 to $869,000 in Seattle. Surprisingly, the median prices of condos went down significantly on both the Eastside (-9.5% to $570,000) and in Seattle (-8% to $537,500). It remains to be seen if this is an anomaly or the beginning of a softening in condo market pricing.
Interest rates ticked down a little in January, giving buyers confidence to enter the market. There is still time to take advantage of stable pricing and good rates. If you (or someone you know) are thinking of buying, I’d love to help!
19%
OF HOMES SOLD ABOVE LIST PRICE
53%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.0
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of January 2024.
The market picked up last month, with higher attendance at open houses and multiple offers becoming more common. Although Inventory increased significantly in both Seattle and on the Eastside, so did the number of pending sales, resulting in even tighter inventory as we headed into February. Market times increased in both areas in January indicating buyers are being choosy and it behooves sellers to take steps to ensure their homes are market-ready. If you’re thinking of selling, it’s a great time to enter the market ahead of the usual influx of new listings we typically see in late Spring/Summer.
The median prices of a single-family residences in both areas increased modestly - $25,000 to $1,465,000 on the Eastside $19,000 to $869,000 in Seattle. Surprisingly, the median prices of condos went down significantly on both the Eastside (-9.5% to $570,000) and in Seattle (-8% to $537,500). It remains to be seen if this is an anomaly or the beginning of a softening in condo market pricing.
Interest rates ticked down a little in January, giving buyers confidence to enter the market. There is still time to take advantage of stable pricing and good rates. If you (or someone you know) are thinking of buying, I’d love to help!
22%
OF HOMES SOLD ABOVE LIST PRICE
56%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.6
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of January 2024.
19%
OF HOMES SOLD ABOVE LIST PRICE
67%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.2
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of December 2023.
16%
OF HOMES SOLD ABOVE LIST PRICE
65%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.7
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of December 2023.
20%
OF HOMES SOLD ABOVE LIST PRICE
65%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.8
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of December 2023.
19%
OF HOMES SOLD ABOVE LIST PRICE
67%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.2
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of December 2023.
16%
OF HOMES SOLD ABOVE LIST PRICE
65%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.7
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of December 2023.
20%
OF HOMES SOLD ABOVE LIST PRICE
65%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.8
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of December 2023.
26%
OF HOMES SOLD ABOVE LIST PRICE
75%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.6
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of November 2023.
29%
OF HOMES SOLD ABOVE LIST PRICE
79%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.9
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of November 2023.
23%
OF HOMES SOLD ABOVE LIST PRICE
72%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.3
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of November 2023.
26%
OF HOMES SOLD ABOVE LIST PRICE
75%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.6
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of November 2023.
29%
OF HOMES SOLD ABOVE LIST PRICE
79%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.9
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of November 2023.
23%
OF HOMES SOLD ABOVE LIST PRICE
72%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.3
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of November 2023.
34%
OF HOMES SOLD ABOVE LIST PRICE
80%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.5
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of October 2023.
34%
OF HOMES SOLD ABOVE LIST PRICE
77%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.8
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of October 2023.
26%
OF HOMES SOLD ABOVE LIST PRICE
74%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.3
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of October 2023.
34%
OF HOMES SOLD ABOVE LIST PRICE
80%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.5
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of October 2023.
34%
OF HOMES SOLD ABOVE LIST PRICE
77%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.8
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of October 2023.
26%
OF HOMES SOLD ABOVE LIST PRICE
74%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
1.3
MONTHS SUPPLY OF AVAILABLE HOMES*
Median Closed Sales Price
*Months supply of available homes is calculated by dividing active inventory at the end of the month by pending. Pending sales are mutual purchase agreements that haven't closed yet.
**Graphs were created using data provided by Windermere Real Estate and NWMLS, but the information was not verified or published by NWMLS. Data reflects all new and resale single-family home sales, which include townhomes and exclude condos, for the month of October 2023.
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