Fri Nov 15 2019
This week the median list price for Seattle, WA is $769,000 with the market action index hovering around 48. This is less than last month's market action index of 50. Inventory has held steady at or around 1239.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$769,000|
|Per Square Foot||$439|
|Days on Market||79|
|Strong Seller's Market|
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,795,000||3,420||4,500 - 6,500 sqft||4||3||53||28||53||109|
|$875,000||2,065||0 - 4,500 sqft||3||2||48||41||73||62|
|$685,000||1,604||0 - 4,500 sqft||3||2||11||40||70||71|
|$493,974||1,380||4,500 - 6,500 sqft||3||1||64||42||77||72|