Fri Nov 22 2019
This week the median list price for Medina, WA is $5,409,400 with the market action index hovering around 30. This is an increase over last month's market action index of 26. Inventory has held steady at or around 18.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$5,409,400|
|Per Square Foot||$1,071|
|Days on Market||151|
|Slight Seller's Advantage|
The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$18,950,000||7,885||1 - 2.5 acres||4||4||27||0||0||231|
|$7,794,000||6,921||0.5 - 1 acre||6||6||2||0||0||297|
|$4,600,000||5,310||0.25 - 0.5 acre||5||5||11||0||0||89|
|$2,400,000||3,180||0.5 - 1 acre||3||3||51||1||2||30|