By Greg Perry, Eastside Realtor
KING AND SNOHOMISH COUNTY HEAT MAPS:
For the Eastside NWMLS areas 500-600, RESIDENTIAL (not condos) Pending sales were down 16% from last year (865 in 2010 vs. 730 in 2011). However, the available inventory (Active listings to sell) was also down 13% (3023 in 2010 vs. 2625 in 2011). The Eastside Months Of Inventory remained about even with 3.5 months at the current rate of sale last year to 3.6 months of inventory this year.
Median prices on the Eastside slipped 1 % from last year coming in at $512,148, vs. $514,774 last year.
Overall, not a bad performance, as last year's numbers were fueled by the government Home Buyer Tax Credits. The nice inventory continues selling quickly. Doggy inventory and high priced inventory is just sitting. There are plenty of forecloused homes and short sales properties to sell.
Here are the Eastside numbers AT-A-GLANCE: