Market Trends From Around the Sound: Q2-2018 by Realogics Sotheby’s International Realty
Realogics Sotheby’s International Realty has released a new report: Market Trends From Around the Sound: Q2-2018. The report focuses on four parts of the hot Puget Sound market: Seattle Single Family Homes, Seattle Condominiums, Eastside Single Family Homes and Bainbridge Island Single Family Homes.
Unsurprisingly, the median family home price in Seattle continued to climb during the months of April, May and June, reaching $857,000 – up over 13% from last year. However, less homes sold during the period and inventory was up by almost a percentage, as compared to the same quarter last year.
The prices of Seattle condominiums also went up – reaching a median price of $514,000 – a staggering 16.6% higher than last year, according to the report. In addition, the average condominium spends only 4 days on the market – down from 7 days during the same quarter of 2017. The report included the areas of Southeast Seattle, SODO/Beacon Hill, Central Seattle, Queen Anne/Magnolia, Ballard/Green Lake and North Seattle while compiling data. We urge you to check the report out in its entirety here.
All graphics courtesy of Realogics Sotheby’s International Realty.