Northeast Seattle's real estate market-kinda of a mixed bag

By
Managing Real Estate Broker with 206 909-7536 AdrianWillanger-broker.com 17900

Northeast Seattle's real estate market-kinda of a mixed bag

Starting the new year northeast Seattle real estate: median list price flat, listings down, days on market up kind-of-a mixed bag.

The median list price in northeast Seattle (zip code 98125) is $349,950 down slightly from the previous week’ $360,000 Active listings  have been  an average of 129 days.  Inventory has been tightening  and days on market is increasing recently. The Market Action Index has been basically flat (see below chart for description), not providing strong indication for the market conditions.   Check us out next week to see how the housing market in northeast Seattle  is shaping up.

 

 

Supply and demand

The northeast Seattle real estate market has settled in at a relative stasis in inventory and sales conditions, It’s a Buyer’s market that has seen prices trend lower.  Expect that consistent up trends in demand will be required before price trends change significantly.  I

The real story in northeast Seattle real estate  is  the shortage of homes for sale.  November 2012 there were 107 homes for sale compared to the same period a year earlier where there were 199 homes for sale. 

 

How does this affect prices? 

Despite this week’s down tic, price trends in northeast Seattle have generally been moving up lately.  We are below the market’s high point, and we’ll investigate the Market Action Index later on to see if this week’s blip turns into a downward trend. 

To stay updated sign up to have FREE WEEKLY UPDATES on the latest northeast Seattle real estate market activity e-mailed to you weekly.

 

90-day stats for Single Family properties inSEATTLE, WA98125 as of December 28, 2012

Median List Price: $357,098 Average List Price: $421,879
Total Inventory: 102 Price per Square Foot: $196
Average Home Size: 1,808 Median Lot Size: 7,568
Average # Beds: 3.35 Average # Baths: 2.03
Homes Absorbed: 8 Newly Listed: 5
Days on Market: 113 Average Age: 49

 

Related posts:

  1. Magnolia's Median price slip slightly (22.2)
  2. Northeast Seattle real estate market update (22.1)
  3. Bothell real estate list prices up slightly to end the year (20)
  4. Northeast Seattle Wa. Price and Inventory comparison to Lake Forest Park Wa.(19.8)
  5. Home prices in northeast Seattle slip slightly (19.8)

 

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

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