Seattle Area Housing Market Update

By
Real Estate Agent with Metropolist License #88953

APRIL 2016 was another RECORD SETTING MONTH FOR SEATTLE REAL ESTATE!!!  

The median price of a Seattle home is now $ 624,975.  This is a new record.    

There were 495 PENDING sales in April | 680 transactions CLOSED | There were 298 ACTIVE listings in the Seattle real estate market.

There is .6 of a month supply of inventory | The .6 ratio is a strong SELLER’S MARKET INDICATOR.Any ratio under 3.0 is a seller’s market indicator. Any ratio between 3.0 and 6.0 is a neutral market indicator. Any ratio over 6.0 is a buyer’s market indicator.   

The story remains LACK OF INVENTORY. EPIC RECORD SETTING LOW INVENTORY!!!

In the month of April, the AVERAGE list price vs sales price for Seattle was 106%. So the average home sold for 6% over the asking price.   

The AVERAGE days on market for a Seattle home was 8 days before they accepted an offer.  

And real estate is always LOCALIZED.  What I mean is that CERTAIN areas are moving better than other areas.  Let’s take a look at list price vs sales prices for some different neighborhoods in Seattle for the month of April:  King County Median Price

North Seattle 108%

North Seattle Townhomes 109%

Licton Springs Townhomes 115%

North Seattle Condos 106%

And here are list to sales price ratios for cities near Seattle:

Shoreline 111%

Edmonds 101%

Mountlake Terrace 116%

Kenmore 100%

Bothell 103% 

Sammamish 108%

Woodinville 99%

Lynnwood 103%

Kirkland 108%

Bellevue 109% 

Redmond 100%

Issaquah 106%

Renton 102%

King County 104% I

f you have any questions or if I can be of any assistance please contact me.

Posted by

_________________________________________________________________

Kate Pedersen

Broker / Realtor ®

206.841.5947

Realty Executives

View Houses For Sale

 



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Topic:
Real Estate Sales and Marketing
Location:
Washington King County Seattle
Tags:
shoreline
king county market statistics
seattle neghborhoods

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Rainmaker
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Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Wow Kate Pedersen  things are hot in Seattle (not weather) at $624K median. In Phoenix metro the median is about $224K making the great desert southwest affordable by comparison. We have hot weather 

May 28, 2016 05:08 AM #1
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Rainmaker
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Kate Pedersen

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