By Greg Perry, Eastside Realtor
For the Eastside NWMLS areas 500-600, RESIDENTIAL (not condos) Pending sales were up an incredible 33% from last year (805 in 2010 vs. 607 in 2011). However, the available inventory (Active listings to sell) was down 14% ( 3,163 in 2010 vs. 2721 in 2011). The Eastside Months Of Inventory dropped to 3.4 months at the current rate of sale this year from 5.2 months of inventory last year.
Median prices on the Eastside slipped 2 % from last year coming in at $507,653, vs. $519,581 last year.
Overall, an outstanding performance. 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: