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Q1 2019 Metro Seattle Housing Report
Q1 data is traditionally a subtle indicator of what we might
expect for the spring selling season. However, February’s
unprecedented snow and weather conditions brought
the greater Seattle and Eastside area to a standstill for
the better part of the month. Given this unique quarter, we
find ourselves looking at the performance from the last
30 days to determine what we may expect this second
quarter.
In March, Metro Seattle saw new listings increase 71%
from the previous month and at the same time pending
sales increased by 80%. Sales outpacing new inventory
confirms that buyer demand remains strong. While
average sales price was 13% higher than February, the
90-day price trend is down 3% during the same period a
year ago. Although multiple offers have returned, many
of these offers were near the asking price. This is another
indicator that Seattle’s home prices have and continue
to stabilize. Finally, mortgage rates decreased in Q1 and
continue to show signs of this trend.
Most media reports are only looking at a narrow time
period and rarely provide the full perspective of the
market. Buyers and Sellers are well advised to seek the
advice of an experienced real estate professional to gain
the specifics that will serve their objectives. I welcome the
opportunity to provide you with facts that will position you
to succeed in today’s market.
March 2019 Market Update
METRO SEATTLE Real Estate Market Update
NWMLS Data: Q1 2019 statistics with % change from Q1 2018
Sold Listings: 1,341 -3%
Available Inventory: 2,351 +131%
Average Sales Price: $845,667 -3%
Average Days on Market: 48 +127%
Metro Seattle Q1 2018 vs Q1 2019
In March, Metro Seattle saw new listings increase 71% from the previous month and at the same time pending sales increased by 80%. Sales outpacing new inventory confirms that buyer demand remains strong. While average sales price was 13% higher than February, the 90-day price trend is down 3% during the same period a year ago. These are indicators that Seattle’s home prices have and continue to stabilize. If a move is in your future, I welcome the opportunity to start discussing your needs and how to succeed in today’s market.
October 2018 Market Snapshot
Can a balanced market be on the horizon?
After 90 days of residential inventory increases in the Metro Seattle area, we are beginning to see signs that a balanced market may be closer than we thought. While median sales price in October dropped a modest 2%, most Seattle neighborhoods have seen more aggressive reductions in August and September. October is the first month we have seen sales numbers increase and inventory numbers decrease at the same time. This may be an indication that prices and inventory are stabilizing. If you have questions about this quickly adapting market and the details that could benefit you, I welcome an opportunity to discuss.
METRO SEATTLE Real Estate Market Update
Metro Seattle residential inventory is DOWN 5% following 90 days of significant increases.
NWMLS Data: OCTOBER 2018 statistics with % change from SEPTEMBER 2018
MEDIAN SALES PRICE: $760,000 -2%
NUMBER OF HOMES FOR SALE: 1303 -5%
NUMBER OF SOLD LISTINGS: 606 +18%
NUMBER OF PENDING SALES: 603 +6%
NUMBER OF NEW LISTINGS: 862 -25%
AVERAGE DAYS ON MARKET: 25 +9%
September 2018 Market Snapshot
Seattle’s Real Estate market is slowing
The Seattle Real Estate market has shown signs of a slowdown for the third consecutive month. Inventories continue to increase and almost all Seattle neighborhoods showed price declines in August. Buyers and sellers are both watching the market closely for short term indicators. This balancing of our real estate market is healthy. However change can be uncomfortable, having a trusted advisor available to navigate you through the facts will benefit you significantly. There are many reasons our market will continue to lead the nation, I welcome the opportunity to assist.
Both median sales price and average price per square foot have declined for 3 consecutive months and for the first time in more than 4 years.
NWMLS Data: AUGUST 2018 statistics with % change from JULY 2018
MEDIAN SALES PRICE: $760,000 -5%
NUMBER OF HOMES FOR SALE: 1,012 +3%
NUMBER OF SOLD LISTINGS: 638 -13%
NUMBER OF PENDING SALES: 583 -8%
NUMBER OF NEW LISTINGS: 827 -11%
AVERAGE DAYS ON MARKET: 17 -6%
Seattle Metro Real Estate REport 2018 Q2
2018 Q1 vs. Q2 shows a significant change in metro Seattle prices. With an increase of only 4%, this is a stark contrast from
the double-digit jumps observed over the last 4 years. The most compelling data to support the shift, centers around a 97% influx in
inventory and 57% increase in new listings. The last time inventory AND new listings grew in tandem was more than 4 years ago. With
more homes to choose from and moderating sale prices, an uptick in buyer activity is expected.
LiveLoveOwn May Edition
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2017 in Review
TO the 20 clients who trusted in me to assist them this year with their housing goals:
A Gracious THANK YOU for your support, dedication, hard work, and trust this past year. We’ve had some ups and downs in this feverish market, but It’s truly an honor to be of service and to have helped you either find or sell your most trusted asset. With a full heart, I Thank You so much.
In gratitude,
Leah
To celebrate! I’ve listed out the charities I’ve donated to this year. I invite you to let me know if your most favorite charity is missing from this list, and I’ll make a donation in your name to your fav charity {you can post your fav charity name in the comment box below}.
2017 Charitable Giving:
Windermere Foundation
ARC – Associated Rec Council
UW Foundation: Jackson School of Intl Studies
Mary’s Place
Social Justice Fund NW
IRC
American Heart Association
White Center Heights PTA
White Center CDA
StampsLicked.org
AH Co-op Preschool
Arthur C. Butler Elem School Fundraiser
Living Wisdom School
JDRF
American Red Cross
