Kates Seattle Real Estate Blog: Seattle Area Market Statistics - November 2011

Seattle Area Market Statistics - November 2011

Looks like a Sellers market but still acts like a Buyers market.  Inventory is low and Buyers are negotiating great deals.

Inventory:Seattle Area Market Statistics

The number of houses for sale continues to drop from last year and last month - not unusual for this time of year though.  The North Seattle neighborhoods have as low as 3.2 months supply of houses for sale and on the high end are the Edmonds condos at 7.9 months of supply.  Overall King County inventory is at 4.2 months.

 

Seattle Area Market StatisticsShort Sales and Foreclosures:

King County's short sales and foreclosure active listings are about 30% of inventory.  On the low end is Redmond with only 15% of active listings being in the foreclosure and short sale market and Kirkland condos are at the high end at 49%.  Foreclosures and short sales are up from October from 1 to 6 percentage points in most areas.

 

Prices:

In November, King County's median and average prices were dSeattle Area Market Statisticsown 11%.  Better than October's year over year comparison which was down 12% (average) and 15% (median).  Sammamish continues to be faring the best with a stable 1 to 4 percent rise in median prices and the Kirkland condo market's comparison is down 36% from last year.  I've been seeing some unbeleivable good deals in the Kirkland condo market.

 

 

_________________________________________________________________

Kate Pedersen

Broker / Realtor ®

206.841.5947

Realty Executives

View Houses For Sale

 



Comment balloon 1 commentKate Pedersen • December 14 2011 09:19PM

Comments

To my ActiveRain friend,
I wish you all things bright and beautiful
at this holiday time and throughout the year. 

Posted by Leslie Ebersole, I help brokers build businesses they love. (Swanepoel T3 Group) almost 8 years ago

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