2018/2019 Market Report: Year End Review and Trends to Watch is Now Available
Realogics Sotheby’s International Realty has released an annual report, “2018/2019 Market Report: Year End Review and Trends to Watch.” This comprehensive, 64-page publication analyzes the real estate trends at key Puget Sound-area counties, as well as dozens of popular communities in the region.
One of the most important and telling statistics the report takes a closer look at is median home prices in the key eight counties: King, Kitsap, Jefferson, Skagit, Pierce, Snohomish, Island and San Juan. Unsurprisingly, the highest median home price was in King county – $680,000, followed by San Juan county at $542,000 and Snohomish in third place with a median home price of $484,000.
A closer look at King county statistics confirm that the market is leveling off. While the median home price was $50,000 higher than in 2017, other numbers point to a deceleration. According to the publication, there were 11.2% fewer sales in that county in 2018 as compared to the year before. In addition, the median cumulative days on the market for the last quarter of 2018 clocked in at 24 – the highest since the fourth quarter of 2014.
The entire report, with an in-depth look at key Puget Sound counties and several Seattle-area communities, can be found here.Email