Updated Monthly: Seattle Area Market Trends
These Seattle area market trends are useful for sellers and buyers. Below are the links to real estate data for about forty zip codes. Updated every month, they consist of historical and current data in the form of three data sets: Three-Year Inventory and Sales, Average Days On Market, and Average Sold Price. The zip codes cover areas on both sides and around Lake Washington. Most charts depict single family homes. Condo data is shown in zip codes areas with a great density of condo projects. For information on zip codes not covered here, contact Gerhard Ade.
Charts for over 40 zip codes: Inventory, Sales, Days-On Market, and Sold.
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 for almost all zip codes show that we are currently in a sellers’ market with few homes on the market and prices rising. Come back monthly for the current Seattle area market trends.
Selected Seattle Area Market Trends
Pricing, Preparing & Presenting Your Home for Sale
The home owners who entrust Gerhard with their listings know from experience that his “Three P” method works. The usual results are listings that get the attention of potential buyers, get offers and sell quickly at or above list price.
If you need more detailed information on Seattle area market trends and home sales, such as home prices in your neighborhood, don’t hesitate to contact me.