Feb 2019 Snapshot

METRO SEATTLE RESIDENTIAL:
JANUARY 2019 statistics with % change from DECEMBER 2018
Average Sales Price: $ 817,000 -4%
Total Inventory: 709 -8%
New Listings: 627 +166%
Sold Listings: 344 -24%
Average Days on Market: 50 +16%

Indicators continue to support a balancing market.
January real estate results continue to support a balancing of the Metro Seattle real estate market. For the last 90 days ending January 31, 2019, sales prices are up a modest 1%. Further, new listings in January 2019 were up a healthy 26% compared to last year. We will be watching these indicators in anticipation of a strong selling season this Spring.
Statistical data continues to support a balancing market with sale prices essentially flat to last year, and new listings increasing at a healthy pace. We will be watching all indicators that impact the real estate market in anticipation of a strong selling season this Spring. If a move is in your future, I welcome an opportunity to answer any questions you have.