Bullish signs for NE Seattle real estate market
This Week:
The median list price in Northeast Seattle (zip code 98125) is $574,950 down from last week’s $579,900. Inventory is tighening and days-on-market is falling. The Market Action Index (see below MAI chart) shows demand heating up. These are relatively bullish signs for prices. Check in next week to see how the housing market in northeast Seattle is shaping up.
Average days-on-market (DOM) 29 days down from last week’s (33).
Percent of properties with price decreases 22% down from last week’s 31%.
Is it a good time to sell my home?
Inventory levels in northeast Seattle at or near all time lows. The key to maximizing your listing price is in the preparation and pricing. For listing tips click here.
Supply and demand
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices.
Looking to buy or sell contact Adrian Willanger for a more detailed market analysis.
| 90-day stats for Single Family properties in SEATTLE, WA 98125 as of October 3, 2014 | |||
|---|---|---|---|
| Median List Price: | $489,827 | Average List Price: | $573,630 |
| Total Inventory: | 52 | Price per Square Foot: | $246 |
| Average Home Size: | 2,146 | Median Lot Size: | 11,404 |
| Average # Beds: | 3.49 | Average # Baths: | 2.23 |
| Homes Absorbed: | 10 | Newly Listed: | 12 |
| Days on Market: | 45 | Average Age: | 53 |
How does this influence prices?
Price trends in the northeast Seattle area continued their uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.
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