Thu Nov 14 2019
This week the median list price for Mercer Island, WA is $2,249,950 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 75.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$2,249,950|
|Per Square Foot||$600|
|Days on Market||149|
|Slight Seller's Advantage|
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$4,430,000||4,960||0.25 - 0.5 acre||5||4||21||2||1||247|
|$2,798,000||4,448||0.25 - 0.5 acre||4||3||13||0||0||145|
|$1,998,000||4,002||0.25 - 0.5 acre||4||3||22||0||3||132|
|$1,349,999||3,070||0.25 - 0.5 acre||4||2||45||2||3||77|