Seven week averages: Absorption rates for NWMLS area 500 (Bellevue/Issaquah, South of I90)
All price ranges below $600,000 are showing a SELLER weighted markets. Between $300k and $400k is only 5.9 weeks of inventory. The price range between $400 and $500k has 8.4 weeks of inventory and $500 - $600k has 9.3 weeks of inventory.
Price ranges between $700k and all the way to $1,500,000 shows a balanced market with nice sales activity in all price ranges.
With 16 listings over $2,500,000 there has not been a sale in the last 7 weeks.
Greg Perry, Eastside Realtor
www.425realty.coom
gregperry@working-for-you.com
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