Sun Apr 05 2020
This week the median list price for Redmond, WA is $1,250,000 with the market action index hovering around 66. This is an increase over last month's market action index of 64. Inventory has held steady at or around 67.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,250,000|
|Per Square Foot||$454|
|Days on Market||55|
|Strong Seller's Market|
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,074,950||4,126||1 - 2.5 acres||5||4||7||1||2||89|
|$1,499,000||3,376||8,000 - 10,000 sqft||4||3||12||4||4||45|
|$1,110,000||2,436||8,000 - 10,000 sqft||4||2||13||3||4||39|
|$779,000||1,835||0.25 - 0.5 acre||3||2||35||4||7||46|