Market Trends: First Quarter of 2019
Statistics from the first quarter of 2019 are in and Realogics Sotheby’s International Realty has analyzed the data with a look at the latest residential housing market trends in and around the Seattle area. Below I’ve included links to each report with a summary of key points for single-family homes in Seattle and the Eastside.
SEATTLE | SINGLE-FAMILY HOMES
Though the median sales price in Seattle declined by just over 7% from the first quarter of 2018 to the first quarter of 2019, the average price per square foot held relatively steady on an annual basis at $456, up by roughly half a percentage point from the previous year. The number of homes sold likewise remained largely unchanged, falling by just 3.76%.
EASTSIDE | SINGLE-FAMILY HOMES
Unlike other local markets, the median sales price on the Eastside increased slightly—by 1.7% to $895,000—from the first quarter of 2018 to the first quarter of 2019. This gain came amidst higher inventory levels than the Eastside saw in all of 2018, at 2.4 months.
For more market trends, read the full report here or contact me today to discuss the implication for homes in your neighborhood.