Mercer Island Home Sales 98040
The Personal Seattle Real Estate News
Mercer Island Home Sales 98040 (Inventory, Sales, Days-On-Market, Sold)
These Mercer Island Home Sales 98040 Zip Code statistics are updated monthly. Inventory is the number of active (“For Sale”) properties. When the number of active properties is higher than the number of closed sales buyers have the upper hand. When there is more supply than demand, prices tend to fall.
Conversely, when there are only a few active listings because a large number of homes have sold, the seller has the advantage. When demand outstrips supply, prices usually rise.
Another indicator of a sellers’ market are the days of supply of properties. That is the time it would take to deplete the supply if no new homes were coming on the market (no new homes listed for sale).
The three-year graphs below for the Mercer Island home sales 98040 Zip Code keep you informed about the Mercer Island market trend. Come back monthly for all the current Seattle area market trends.
This information is updated monthly. Scroll down for links to other zip codes. On smartphones, swipe any text to the left to see the entire graph.
Mercer Island Home Sales 98040 Zip Code
Three-Year Inventory and Sales – single family homes
Trace along the top of the bars to see the number of the currently active listings (yellow) and closed sales (blue) and the year-over-year change.
To see the data, trace and touch any bar. Click on the legend to hide a set of bars.
Average Days-On-Market* – single family homes
*From listing date to pending sale (contract)
Trace along the graph to see the number of days condos are on the market and the comparison to the prior year.
Average Sold Price – single family homes
Trace along the graph to see the average price and the comparison to the prior year.
Selected Seattle Area Market Trends
Active Listings of Mercer Island Homes
Go here to find active listings of Mercer Island homes