Federal Way September 2012 Monthly Home Sales Stats
63 homes sold (closed) in Federal Way in September 2012.
Here are the averages of the 63 Federal Way WA September 2012 Home Sales-
The average sold price was $254,064.
The median sales price was $223,000.
The sales prices ranged from $80.900 to $840,000.
The houses were on the market for an average of 57 days before they received a contract. One was on the market 472 days before it received/accepted a contract; several were on the market less than 10 days before receiving a contract.
48 of the 63 Federal Way sales were priced $299,999 and below. (76% of the sales!)
225 Federal Way homes are under contract (pending sales). Of the 225 pending sales, 95 homes are short sales waiting for lien holder approval of the short sale (42%). Short sales are still very prevelant in Federal Way WA.Currently there are only 202 single family homes for sale in Federal Way. They range in price from $95,000 to $3,780,000. If no other homes are put up for sale, based on the current absorption rate in Federal Way, it would take approximately three months for all the homes to be sold. (see graph)
What this means to you - a home buyer or seller in Federal Way, WA? 6+ months of inventory means it's a buyer's market. 6-4 months of inventory means it's a balanced market. Under 4 months supply of homes means it's a seller's market. It's a home seller's market in Federal Way.
The chart to the right with the red lines represents our local market in Federal Way. The red lines are the number of active listings (available homes). The blue lines represent the number of homes currently under contract. The green lines represent the numer of home sales. We have a much different real estate market today than we did two years ago.If you are interested in other area stats besides Federal Way September 2012 Monthly Home Sales Stats, just let me know and I'd be happy to pull the stats for the city of your choice.
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