Market NewsReal Estate June 19, 2019

May 2019 Metro Seattle Market Update

METRO SEATTLE Real Estate Market Update

May 2019 statistics with % change from April 2019
Sold Listings: 797 +7%
Total Inventory: 1,378 +30%
Average Sales Price: $915,000 +1%
Average Days on Market: 25 -11%

Metro Seattle real estate data suggests we may see a shift from a seller dominated market to a buyer supported position. An experienced local expert will assist you in navigating the shifting factors in today’s market. I welcome the opportunity to leverage data for your success.

Buyers will benefit from inventory growth
In May, Metro Seattle’s real estate market offered buyers more opportunity for success. New listings increased 24% while pending sales increased a modest 6%. What does this tell us? With more inventory available, buyers have more options. It has been years since buyers have had an equal position in the market. The key is understanding local statistics and trends in order to make an informed decision. I welcome the challenge to create a solid plan for your success.