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NWMLS AREA 510 Mercer Island May 2008 Real Estate Statistics

By
Real Estate Agent with Windermere Real Estate N.E.
NWMLS 510 May-08 May-07 %Change
Median Prices $995,000 $969,000 2.70%
Inventory 186 130 43%
Pending 19 35

-45.70%

NWMLS Area 510 is Mercer Island.  Overall this area holds 39.2 weeks of inventory and is considered a Buyer's Advantaged Market.  The price range between $700k and $900k has enough activity to be considered a Balanced Market.  Absorption rates are holding fairly steady in Area 510.  There is currently 22 homes for sale over $3,000,000 and it looks to take 80 weeks to sell through the current inventory at our present rate of sale.

Compiled from but not published or verified by NWMLS.