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.
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