When it comes to selling or buying homes for sale in Queen Anne, Seattle, you want to make sure you fully understand the current market conditions and how they impact you. The best way to get started is by choosing a Queen Anne, Seattle Realtor who will represent you. A Queen Anne, Seattle Realtor is the only person who can accurately inform you of what is happening in the Queen Anne, Seattle Real Estate Market. Details like average and median sold prices, month supply and days on market can be used to your advantage. As a buyer, these details help you put together an attractive offer that sellers look for in this competitive market. As a seller, knowing these details help you price your property according to market value. This allows you to experience a shorter time on the market as well as attract multiple offers which can result in closing at over asking. So how is the Queen Anne, Seattle Real Estate market doing? Let’s take a look!
The average and median sold prices for homes for sale in Queen Anne, Seattle are up compared to this time last year. The average is up 11% from this time last year (and last month) at $1,002,710. The median sold price is up 10% from last year at $875,000. The average percentage of list price is up from this time last year and is now at 103.3% for this neighborhood. Your realtor in Queen Anne, Seattle can explain how this number can be used to your benefit, but in a nutshell, it indicates your negotiation power while also telling us that on average, Queen Anne, Seattle homes for sale are going for over asking.
As far as inventory in this neighborhood is concerned, the amount of Queen Anne, Seattle homes for sale is up 35.3% while the amount of new listings is up 9.8%. Closed sales are down 15.3% while pending sales are down 16.1%. The month supply is up 40% and is now at 1.4. This has been steadily going up the past couple months which is good news for sellers. To understand month supply, it tells us who has control of the Queen Anne, Seattle real estate market. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Both the average and median days on market are down. The median days on market for Queen Anne, Seattle homes for sale is 9 while the average is 20. So buyers, while the market may be cooling down, properties are still moving quickly thanks to low inventory so you can’t sleep on a home you are interested in too much.
If you are looking for a Queen Anne, Seattle Realtor or Queen Anne, Seattle homes for sale, feel free to give me a call. I would be happy to help! For more market reports, visit our team site at www.teamshutes.com