18 July 2012

Seattle Real Estate Market Update ~ Market Still Moving

Our summer market continues to sizzle as it has all year.  Months of inventory based on pending sales slowed just a bit, from 1.8 months in May to 2.0 months in June.  Though the market might be a notch slower, prices were up 11% over last year in the residential market, condo values increased on a year-over-year basis for the second consecutive month, and it is clearly still a seller-friendly market.  We are approaching the dog-days of summer when things traditionally slow down a bit toward the end of August.  It will be most interesting to see if this frothy trend continues into the fall.

Below you will find detailed statistics.  As always, let me know if I can be of help in anyway! 

These charts come from Trendgrafix, Inc. and represent all single-family homes (not condos but including town homes) in all Seattle areas.

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