The month of December saw pending sales up in Seattle and King County as a whole and down on Mercer Island and the Eastside compared to December 2012. The percentage of all active listings sold (absorption rate) continues to be very strong—even for a typically slow real estate month. Sellers will benefit from median sales prices—up an average of 12% year-over-year within our metro areas. And, with many listings already beginning to come to market, 2014 is looking to be a year of greater inventory and choice for buyers in the marketplace.
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.