December 2011 Statistical Reports for Mercer Island, Seattle, Eastside and King County

The most notable aspect of the December 2011 stats is the continued trend toward high pending sales volume despite the softening of sales prices. Listing inventory is down markedly compared to inventory levels for the past three years in the month of December. With interest rates below 4% buyer interest has remained very strong and multiple offers are not unheard of–albeit at much more modest prices than in years past. Having been burned once, buyers are cautious of overpaying and are negotiating for a fail-safe price.

2011-12 Seattle Metro

2011-12 Mercer Island

2011-12 Eastside

2011-12 King County 

2011-12 Summary