Average and median sales prices are up significantly in all King County market areas. The market has seen moderate increases in inventory (more homes on the market) than in previous months. This has been a huge relief to buyers frustrated by the lack of choice in the selection of homes for sale. Average list-to-sale ratios are hovering at 100% of the list price-indicating that right-priced homes are selling for at or above list price. Overpriced homes continue to languish in the market as the post-boom crash is still clear in the minds of would-be buyers. In the end, properly priced homes are selling quickly and at a price much higher than a year ago.
Data prepared and analyzed by Julie Barrows, owner of Windermere Real Estate/Mercer Island http://www.WindermereMercerIsland.com. For questions or comments, email Julie at firstname.lastname@example.org.