real estate by the numbers
June’s Eastside Single Family Residence (SFR) stats reflect the expected summer slowdown due to increasing inventory and decreased buyer activity. The SFR median price went down around 4% to $1,635,000 and market times are starting to lengthen. In Seattle, the SFR median price decreased slightly to $957,000 and there was a small increase in market times. As Seattle tends to lag the Eastside, I expect this trend to accelerate in the next couple of months.
The condo market in both areas is experiencing more marked change. On the Eastside, the median cost of a condo decreased $111,000 (15%) to $637,500. That is a more significant change than would be accounted for by our typical seasonal slowdown. Since condo demand still exceeds supply on the Eastside, it remains to be seen if it’s a one-off occurrence or the beginning of a trend. As anticipated, the notable increase in Seattle condo listings has created a “buyer’s market” wherein inventory now exceeds supply. The median cost decreased $50,000 to $550,000 and I expect this trend to continue.
Interest rates and buyer competition both dropped in June, but inventory is up, making it an excellent time to buy! If you or someone you know is looking, I’d love to help. For SFR sellers, demand still outstrips supply so while it may take longer to sell your home, if it is well-prepared and expertly marketed, the market is still strong. If you’re planning to wait for the more robust early-Fall market, now is the time to prepare your home. I’d be happy to help you determine how best to prioritize your pre-listing tasks.
50%
OF HOMES SOLD ABOVE LIST PRICE
90%
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 June 2024.
June’s Eastside Single Family Residence (SFR) stats reflect the expected summer slowdown due to increasing inventory and decreased buyer activity. The SFR median price went down around 4% to $1,635,000 and market times are starting to lengthen. In Seattle, the SFR median price decreased slightly to $957,000 and there was a small increase in market times. As Seattle tends to lag the Eastside, I expect this trend to accelerate in the next couple of months.
The condo market in both areas is experiencing more marked change. On the Eastside, the median cost of a condo decreased $111,000 (15%) to $637,500. That is a more significant change than would be accounted for by our typical seasonal slowdown. Since condo demand still exceeds supply on the Eastside, it remains to be seen if it’s a one-off occurrence or the beginning of a trend. As anticipated, the notable increase in Seattle condo listings has created a “buyer’s market” wherein inventory now exceeds supply. The median cost decreased $50,000 to $550,000 and I expect this trend to continue.
Interest rates and buyer competition both dropped in June, but inventory is up, making it an excellent time to buy! If you or someone you know is looking, I’d love to help. For SFR sellers, demand still outstrips supply so while it may take longer to sell your home, if it is well-prepared and expertly marketed, the market is still strong. If you’re planning to wait for the more robust early-Fall market, now is the time to prepare your home. I’d be happy to help you determine how best to prioritize your pre-listing tasks.
39%
OF HOMES SOLD ABOVE LIST PRICE
88%
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 June 2024.
June’s Eastside Single Family Residence (SFR) stats reflect the expected summer slowdown due to increasing inventory and decreased buyer activity. The SFR median price went down around 4% to $1,635,000 and market times are starting to lengthen. In Seattle, the SFR median price decreased slightly to $957,000 and there was a small increase in market times. As Seattle tends to lag the Eastside, I expect this trend to accelerate in the next couple of months.
The condo market in both areas is experiencing more marked change. On the Eastside, the median cost of a condo decreased $111,000 (15%) to $637,500. That is a more significant change than would be accounted for by our typical seasonal slowdown. Since condo demand still exceeds supply on the Eastside, it remains to be seen if it’s a one-off occurrence or the beginning of a trend. As anticipated, the notable increase in Seattle condo listings has created a “buyer’s market” wherein inventory now exceeds supply. The median cost decreased $50,000 to $550,000 and I expect this trend to continue.
Interest rates and buyer competition both dropped in June, but inventory is up, making it an excellent time to buy! If you or someone you know is looking, I’d love to help. For SFR sellers, demand still outstrips supply so while it may take longer to sell your home, if it is well-prepared and expertly marketed, the market is still strong. If you’re planning to wait for the more robust early-Fall market, now is the time to prepare your home. I’d be happy to help you determine how best to prioritize your pre-listing tasks.
44%
OF HOMES SOLD ABOVE LIST PRICE
91%
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 June 2024.
June’s Eastside Single Family Residence (SFR) stats reflect the expected summer slowdown due to increasing inventory and decreased buyer activity. The SFR median price went down around 4% to $1,635,000 and market times are starting to lengthen. In Seattle, the SFR median price decreased slightly to $957,000 and there was a small increase in market times. As Seattle tends to lag the Eastside, I expect this trend to accelerate in the next couple of months.
The condo market in both areas is experiencing more marked change. On the Eastside, the median cost of a condo decreased $111,000 (15%) to $637,500. That is a more significant change than would be accounted for by our typical seasonal slowdown. Since condo demand still exceeds supply on the Eastside, it remains to be seen if it’s a one-off occurrence or the beginning of a trend. As anticipated, the notable increase in Seattle condo listings has created a “buyer’s market” wherein inventory now exceeds supply. The median cost decreased $50,000 to $550,000 and I expect this trend to continue.
Interest rates and buyer competition both dropped in June, but inventory is up, making it an excellent time to buy! If you or someone you know is looking, I’d love to help. For SFR sellers, demand still outstrips supply so while it may take longer to sell your home, if it is well-prepared and expertly marketed, the market is still strong. If you’re planning to wait for the more robust early-Fall market, now is the time to prepare your home. I’d be happy to help you determine how best to prioritize your pre-listing tasks.
50%
OF HOMES SOLD ABOVE LIST PRICE
90%
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 June 2024.
61%
OF HOMES SOLD ABOVE LIST PRICE
81%
OF HOMES SOLD WITHIN 15 DAYS OR LESS
0.3
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 June 2021.
51%
OF HOMES SOLD ABOVE LIST PRICE
89%
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 May 2024.
The median price of a SFR increased ~$22,000 last month reflecting the strength of the market despite an almost 30% increase in new listings. 85% of homes sold in 15 days or less. The Eastside condo market also remained strong with a 4% increase in the median sales price to $748,500.
Seattle’s SFR median price decreased around $30,000 (3%) to $965,000 in May as the number of new listings increased 18% to a 2 year high. 68% of homes still sold at or above list price – a positive outcome given the increase in inventory. Seattle’s condo median price remained unchanged at $600,000. With 3.1 months of inventory, Seattle condos are now considered a “balanced market”, likely creating favorable opportunities for buyers.
Whether sprucing up your home to put it on the market or to enjoy it yourself, it’s a great time of year to add some annual color to your garden or front porch. It’s also an ideal time for outdoor painting projects. If you’re not a DIYer, plan ahead as professionals are booking out. If you need any resources or referrals, I can help!
58%
OF HOMES SOLD ABOVE LIST PRICE
92%
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 May 2024.
The median price of a SFR increased ~$22,000 last month reflecting the strength of the market despite an almost 30% increase in new listings. 85% of homes sold in 15 days or less. The Eastside condo market also remained strong with a 4% increase in the median sales price to $748,500.
Seattle’s SFR median price decreased around $30,000 (3%) to $965,000 in May as the number of new listings increased 18% to a 2 year high. 68% of homes still sold at or above list price – a positive outcome given the increase in inventory. Seattle’s condo median price remained unchanged at $600,000. With 3.1 months of inventory, Seattle condos are now considered a “balanced market”, likely creating favorable opportunities for buyers.
Whether sprucing up your home to put it on the market or to enjoy it yourself, it’s a great time of year to add some annual color to your garden or front porch. It’s also an ideal time for outdoor painting projects. If you’re not a DIYer, plan ahead as professionals are booking out. If you need any resources or referrals, I can help!
44%
OF HOMES SOLD ABOVE LIST PRICE
86%
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 May 2024.
51%
OF HOMES SOLD ABOVE LIST PRICE
89%
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 May 2024.
The median price of a SFR increased ~$22,000 last month reflecting the strength of the market despite an almost 30% increase in new listings. 85% of homes sold in 15 days or less. The Eastside condo market also remained strong with a 4% increase in the median sales price to $748,500.
Seattle’s SFR median price decreased around $30,000 (3%) to $965,000 in May as the number of new listings increased 18% to a 2 year high. 68% of homes still sold at or above list price – a positive outcome given the increase in inventory. Seattle’s condo median price remained unchanged at $600,000. With 3.1 months of inventory, Seattle condos are now considered a “balanced market”, likely creating favorable opportunities for buyers.
Whether sprucing up your home to put it on the market or to enjoy it yourself, it’s a great time of year to add some annual color to your garden or front porch. It’s also an ideal time for outdoor painting projects. If you’re not a DIYer, plan ahead as professionals are booking out. If you need any resources or referrals, I can help!
58%
OF HOMES SOLD ABOVE LIST PRICE
92%
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 May 2024.
The median price of a SFR increased ~$22,000 last month reflecting the strength of the market despite an almost 30% increase in new listings. 85% of homes sold in 15 days or less. The Eastside condo market also remained strong with a 4% increase in the median sales price to $748,500.
Seattle’s SFR median price decreased around $30,000 (3%) to $965,000 in May as the number of new listings increased 18% to a 2 year high. 68% of homes still sold at or above list price – a positive outcome given the increase in inventory. Seattle’s condo median price remained unchanged at $600,000. With 3.1 months of inventory, Seattle condos are now considered a “balanced market”, likely creating favorable opportunities for buyers.
Whether sprucing up your home to put it on the market or to enjoy it yourself, it’s a great time of year to add some annual color to your garden or front porch. It’s also an ideal time for outdoor painting projects. If you’re not a DIYer, plan ahead as professionals are booking out. If you need any resources or referrals, I can help!
44%
OF HOMES SOLD ABOVE LIST PRICE
86%
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 May 2024.
51%
OF HOMES SOLD ABOVE LIST PRICE
89%
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 May 2024.
For Single Family Residences (SFRs) on the Eastside, April statistics were not much different than March. Inventory increased, as expected, so the median price dipped slightly to $1,677.500. 82% of the homes that sold did so within 15 days, indicating our market remains robust. As is typical for this time of year, areas outside the Eastside tech corridor are experiencing less buyer activity with the increasing inventory. With more options to choose from and the recent decrease in interest rates, there are some good opportunities for buyers. If you or someone you know is ready to buy, I can help!
The greater Seattle real estate market traditionally lags the Eastside, which is reflected in their 8% increase in the median cost of a Seattle SFR to $997,900. The percentage of homes selling above list price went from 37% in March to $49% in April. I expect to see a seasonal slowdown here, as well, in the next month or two as inventory rises.
The big surprise in April stats was the median price of an Eastside condo shooting up 18% from $610,000 to $722,000. This was quite unexpected and I believe it is more likely an anomaly than a new trend. Seattle’s condo market experienced a more “normal” 2% increase in median price to $599,000. There is quite a bit of condo inventory in Seattle, so I expect to see prices fall there sooner than for SFRs.
As the number of listings increases, it’s critical for Sellers to ensure their homes are “market ready” and priced competitively.
59%
OF HOMES SOLD ABOVE LIST PRICE
91%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.7
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 April 2024.
For Single Family Residences (SFRs) on the Eastside, April statistics were not much different than March. Inventory increased, as expected, so the median price dipped slightly to $1,677.500. 82% of the homes that sold did so within 15 days, indicating our market remains robust. As is typical for this time of year, areas outside the Eastside tech corridor are experiencing less buyer activity with the increasing inventory. With more options to choose from and the recent decrease in interest rates, there are some good opportunities for buyers. If you or someone you know is ready to buy, I can help!
The greater Seattle real estate market traditionally lags the Eastside, which is reflected in their 8% increase in the median cost of a Seattle SFR to $997,900. The percentage of homes selling above list price went from 37% in March to $49% in April. I expect to see a seasonal slowdown here, as well, in the next month or two as inventory rises.
The big surprise in April stats was the median price of an Eastside condo shooting up 18% from $610,000 to $722,000. This was quite unexpected and I believe it is more likely an anomaly than a new trend. Seattle’s condo market experienced a more “normal” 2% increase in median price to $599,000. There is quite a bit of condo inventory in Seattle, so I expect to see prices fall there sooner than for SFRs.
As the number of listings increases, it’s critical for Sellers to ensure their homes are “market ready” and priced competitively.
49%
OF HOMES SOLD ABOVE LIST PRICE
87%
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 April 2024.
For Single Family Residences (SFRs) on the Eastside, April statistics were not much different than March. Inventory increased, as expected, so the median price dipped slightly to $1,677.500. 82% of the homes that sold did so within 15 days, indicating our market remains robust. As is typical for this time of year, areas outside the Eastside tech corridor are experiencing less buyer activity with the increasing inventory. With more options to choose from and the recent decrease in interest rates, there are some good opportunities for buyers. If you or someone you know is ready to buy, I can help!
The greater Seattle real estate market traditionally lags the Eastside, which is reflected in their 8% increase in the median cost of a Seattle SFR to $997,900. The percentage of homes selling above list price went from 37% in March to $49% in April. I expect to see a seasonal slowdown here, as well, in the next month or two as inventory rises.
The big surprise in April stats was the median price of an Eastside condo shooting up 18% from $610,000 to $722,000. This was quite unexpected and I believe it is more likely an anomaly than a new trend. Seattle’s condo market experienced a more “normal” 2% increase in median price to $599,000. There is quite a bit of condo inventory in Seattle, so I expect to see prices fall there sooner than for SFRs.
As the number of listings increases, it’s critical for Sellers to ensure their homes are “market ready” and priced competitively.
53%
OF HOMES SOLD ABOVE LIST PRICE
90%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.7
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 April 2024.
For Single Family Residences (SFRs) on the Eastside, April statistics were not much different than March. Inventory increased, as expected, so the median price dipped slightly to $1,677.500. 82% of the homes that sold did so within 15 days, indicating our market remains robust. As is typical for this time of year, areas outside the Eastside tech corridor are experiencing less buyer activity with the increasing inventory. With more options to choose from and the recent decrease in interest rates, there are some good opportunities for buyers. If you or someone you know is ready to buy, I can help!
The greater Seattle real estate market traditionally lags the Eastside, which is reflected in their 8% increase in the median cost of a Seattle SFR to $997,900. The percentage of homes selling above list price went from 37% in March to $49% in April. I expect to see a seasonal slowdown here, as well, in the next month or two as inventory rises.
The big surprise in April stats was the median price of an Eastside condo shooting up 18% from $610,000 to $722,000. This was quite unexpected and I believe it is more likely an anomaly than a new trend. Seattle’s condo market experienced a more “normal” 2% increase in median price to $599,000. There is quite a bit of condo inventory in Seattle, so I expect to see prices fall there sooner than for SFRs.
As the number of listings increases, it’s critical for Sellers to ensure their homes are “market ready” and priced competitively.
59%
OF HOMES SOLD ABOVE LIST PRICE
91%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.7
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 April 2024.
For Single Family Residences (SFRs) on the Eastside, April statistics were not much different than March. Inventory increased, as expected, so the median price dipped slightly to $1,677.500. 82% of the homes that sold did so within 15 days, indicating our market remains robust. As is typical for this time of year, areas outside the Eastside tech corridor are experiencing less buyer activity with the increasing inventory. With more options to choose from and the recent decrease in interest rates, there are some good opportunities for buyers. If you or someone you know is ready to buy, I can help!
The greater Seattle real estate market traditionally lags the Eastside, which is reflected in their 8% increase in the median cost of a Seattle SFR to $997,900. The percentage of homes selling above list price went from 37% in March to $49% in April. I expect to see a seasonal slowdown here, as well, in the next month or two as inventory rises.
The big surprise in April stats was the median price of an Eastside condo shooting up 18% from $610,000 to $722,000. This was quite unexpected and I believe it is more likely an anomaly than a new trend. Seattle’s condo market experienced a more “normal” 2% increase in median price to $599,000. There is quite a bit of condo inventory in Seattle, so I expect to see prices fall there sooner than for SFRs.
As the number of listings increases, it’s critical for Sellers to ensure their homes are “market ready” and priced competitively.
49%
OF HOMES SOLD ABOVE LIST PRICE
87%
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 April 2024.
For Single Family Residences (SFRs) on the Eastside, April statistics were not much different than March. Inventory increased, as expected, so the median price dipped slightly to $1,677.500. 82% of the homes that sold did so within 15 days, indicating our market remains robust. As is typical for this time of year, areas outside the Eastside tech corridor are experiencing less buyer activity with the increasing inventory. With more options to choose from and the recent decrease in interest rates, there are some good opportunities for buyers. If you or someone you know is ready to buy, I can help!
The greater Seattle real estate market traditionally lags the Eastside, which is reflected in their 8% increase in the median cost of a Seattle SFR to $997,900. The percentage of homes selling above list price went from 37% in March to $49% in April. I expect to see a seasonal slowdown here, as well, in the next month or two as inventory rises.
The big surprise in April stats was the median price of an Eastside condo shooting up 18% from $610,000 to $722,000. This was quite unexpected and I believe it is more likely an anomaly than a new trend. Seattle’s condo market experienced a more “normal” 2% increase in median price to $599,000. There is quite a bit of condo inventory in Seattle, so I expect to see prices fall there sooner than for SFRs.
As the number of listings increases, it’s critical for Sellers to ensure their homes are “market ready” and priced competitively.
53%
OF HOMES SOLD ABOVE LIST PRICE
90%
OF HOMES SOLD WITHIN 30 DAYS OR LESS
0.7
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 April 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.
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.
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