While the market is showing signs of flattening across the region and nation, it is still very much a seller’s market in King County.
Locally, we are seeing some great numbers as well. Here’s the breakdown for some of our favorite communities:
Average # of Homes Sold in August = 6 pending sales per day, median prices are up 11.3% from a year ago, inventory is steady from a year ago (1.4 months supply August of 2015 and 1.4 months supply August of 2016) and sales are up 9.9%
Average # of Homes Sold in August = 2.25 pending per day, median prices are up 10.4% from a year ago, inventory is down 27.1% from a year ago (1.5 months supply August of 2015 and 1.1 months supply August of 2016) and sales are up 1.2%
What does this mean to you?
In a changing market, it’s critically important to base decisions on facts rather than perceptions. Make sure you are working with a broker like myself whose got a thumb on the market. Call Jana today!! 425-891-0088 #JanaSellsHomes