If you have been thinking of listing or buying homes for sale in Ballard, Seattle, you will want to make sure you have an accurate understanding of the current Ballard, Seattle real estate market conditions. When you know details like the sold price, month supply, days on market and more, you can feel confident as both a buyer and seller. The best resource for this info is from a Ballard, Seattle Realtor. As a buyer, you can put together an offer on Ballard, Seattle homes for sale that stands out in our competitive market. As a seller, knowing the sold prices is a great way to price your property according to market value. Pricing appropriately allows you to achieve a faster sale and competitive offers. So how is the Ballard, Seattle Real Estate market doing? Let’s take a look!
The good news for sellers it that the sold prices for homes for sale in Ballard, Seattle have increased compared to this time last year. The average is up 12.2% from this time last year AND last month at $793,885. The median sold price is up 9.7% from last year at $784,000. The average percentage of list price is down 0.2% from last year at 104.8%, which is basically the same as last month. Your realtor in Ballard, Seattle can explain how you can use this number when making or accepting an offer, but it tells you your negotiation power and that Ballard, Seattle homes for sale are getting over asking on average.
The good news for buyers is that the amount of Ballard, Seattle homes for sale is up 55.6%. The amount of new listings is still down 3.7%, however. Closed sales are down 22.5% and pending sales are down 23.1%. The month supply is up 100% from this time last year at 0.8. This numbers tells us who has control of the Ballard, Seattle real estate market. Anything less than 4 is a seller’s market while anything over 6 is considered balanced. Both the average and median days on market are down. The median days on market for Ballard, Seattle homes for sale is 7 while the average is 12.
If you are looking for a Ballard, Seattle Realtor or Ballard, 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