March 2011 Statistics:
MEDIAN PRICE: $363,852 (up a little bit from last month)
DOWN 12% FROM LAST YEAR (this was -14% last month)
South King County: Kent, Federal Way, Auburn have more short sales and foreclosures, bringing King County price difference from year to year up.
6.9 MONTH SUPPLY (last month we had an 8.7 month supply)
AVERAGE MARKET TIME: 117 days
Median Prices for houses is still looking stable around different neighborhoods.
These prices are compared to a year ago:
North Seattle: $410,101 EVEN (last month +1%)
Edmonds: $341,281 DOWN 6% (last month -5%)
Bothell: $343,195 DOWN 3% (last month -2%)
Bellevue: $548,727 EVEN (last month even too)
Sammamish: $574,821 UP 2% (last month +2%)
South Seattle: $280,169 DOWN 8% (last month -9%)
Overall the housing market is improving.
Median Prices for Condos compared to a year ago are stabilizing as well but not at the same rate as Single Family Residences:
Downtown: $395,083 UP 2% (this is the first positive condo statistic I've seen, last month -4%)
Capitol Hill: $275,765 DOWN 5% (last month -2%)
North Seattle: $229,279 DOWN 7% (last month -6%)
Edmonds: $262,266 DOWN 7% (-7% last month too)
The condo market recovery could be starting downtown!
Compare Median Prices for different neighborhoods:
12 month median sale price percent change is based on a comparison of the rolling average/median price for the last 12 months: 4/1/11 - 3/31/11 with the 12 months before 4/1/10 - 3/31/10.
Statistics are not compiled, posted or verified by the Northwest Multiple Listing Service (MLS).