Edgewood WA October 2012 Montly Home Sales Stats

Real Estate Agent with www.roundrealestate.com
Edgewood, WA October 2012 monthly home sales stats
Only three homes closed in Edgewood WA the entire month of October 2012
Edgewood WA Real Estate Supply and Demand Oct 2012 
Here are the averages of the three Edgewood home sales-
The average sold price was $456,333.
The median sold price was $473,317.
The lowest sold price was $419,000 and the highest sales price was $500,000.
The average days on market for the sold homes was 211 days! The shortest was 53 days; the longest was 489 days!
The sellers received an average of 96.59% of asking price.
Average price per square foot was $127.35.
The houses were built between 2002 and 2012.
Edgewood WA Real Estate Inventory Oct 2012 
There are currently 36 homes under contract in Edgewood, WA. They range in price from $99.950 to $575,00013 of the 28 pending sales in Edgewood are short sales waiting for lien holder approval of the sale.
There are currently only 38 single family homes for sale in Edgewood.  They range in price from $139,000 to $749,000. The average list price is $362,357.  If no other homes are put up for sale, based on the current absorption rate, it would take approximately 3.7 months for all the homes to be sold in Fife.
What this means to you? 6+ months of inventory means it's a buyer's market. 6-4 months of inventory means it's a balanced market. Under 4 months supply of homes means it's a seller's market. It is a Buyer's Market in Edgewood, WA.

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