Monthly Market Report

The temps have cooled down and so has the Seattle Real Estate Market. While one of the most expensive markets in the U.S., the demand has calmed down which has resulted in different market reports than what we have been used to the past couple years. While prices are still up compared to this time last year, the other numbers we look at have changed a bit. Whether you are a buyer or a seller, it is still incredibly important to not only work with a qualified Seattle Realtor, but also know what is happening in the Seattle, WA real estate market. It is also important to understand that each neighborhood and area has its own set of stats. So while one area of Seattle may have an average sold price of $700,000, another could have an average sold price of over a $1,000,000. Additionally, the percentage of list price, month supply, days on market and more can vary. As a buyer and a seller, these differences can impact you. Working closely with your Seattle Realtor will ensure you are making decisions based on your immediate area, which result in a higher chance of achieving what you are looking for. Below are the numbers for the categories we watch as well as some of the neighborhoods we service.

Seattle Real Estate

Average Sold Price for Seattle, WA Homes For Sale: $813,344
Median Sold Price for Seattle, WA Homes for Sale: $709,000
Average Percentage of List Price: 103%
Month Supply: 1.5
Average Days On Market: 20
New Listings: up 12.4%
Seattle, WA Homes for Sale: up 60.9%
Closed Sales: down 10.7%
Pending Sales: down 10.3%

Magnolia, Seattle Real Estate

Average Sold Price for Magnolia, Seattle Homes For Sale: $1,095,401
Median Sold Price for Magnolia, Seattle Homes for Sale: $966,250
Average Percentage of List Price: 102.6%
Month Supply: 1.7
Average Days On Market: 22
New Listings: down 7%
Magnolia, Seattle Homes for Sale: up 26.1%
Closed Sales: down 22.7%
Pending Sales: down 19.1%

Ballard, Seattle Real Estate

Average Sold Price for Ballard, Seattle Homes For Sale: $799,007
Median Sold Price for Ballard, Seattle Homes for Sale: $775,000
Average Percentage of List Price: 103.8%
Month Supply: 1.1
Average Days On Market: 14
New Listings: up 3.5%
Ballard, Seattle Homes for Sale: up 129.4%
Closed Sales: down 25.8%
Pending Sales: down 19.1%

Queen Anne, Seattle Real Estate

Average Sold Price for Queen Anne, Seattle Homes For Sale: $1,005,980
Median Sold Price for Queen Anne, Seattle Homes for Sale: $885,000
Average Percentage of List Price: 102.3%
Month Supply: 1.7
Average Days On Market: 23
New Listings: down 7.2%
Queen Anne, Seattle Homes for Sale: up 61.8%
Closed Sales: down 24.4%
Pending Sales: down 21.3%

For more information or a market report for a Seattle neighborhood not shown above, feel free to contact me. I would be happy to help!