The following statistics are for single family homes (not condos) in north Seattle (north of Lake Union and the Cuts). Get a detailed report of your neighborhood via email by clicking here.
The residential real estate market continuted to show signs of stabilizing in several categories in January. The charts below tell the story: 34.2% fewer homes on the market, 22.4% fewer sales, 9.4% fewer pending sales (under contract but not yet closed). However, sold homes were up 14.5% from the same month last year. So activity is picking up even the prices are not really beginning their recovery yet.
The Average Cumulative Days on Market for a property fell 34% from a January of last year, while the percentage of the original asking price that was realized by sellers rose 3.3% from a year ago.
The next two graphs seem to indicate that prices are beginning to stablize. Both the median and average price were virtually flat from December to January.
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