Seattle Housing Market Update June 2013

Filed in How's the Market by on June 19, 2013 0 Comments

The median sales price of a home in King County, WA was up 15 percent in the March-to-May quarter of 2013 compared to the same quarter in 2012, according to data from the Northwest Multiple Listing Service (NWMLS).

Here are the stats and graphs showing the trends from March of 2012 through May of 2013.  CLICK HERE FOR THE PRINTABLE REPORT AS A PDF (5 pages).

 

In the graph below, “CDOM” means Cumulative Days on Market;  “SP” means Sales Price; “Orig. LP” means Original List Price.

 

In the housing inventory graph below, any number between 0 and 3 is considered a seller’s market.

 

Now, in mid-June, we are seeing a few more homes come on the market, but we are still solidly in a low housing inventory situation.  Summer tends to be a little slower here in the Seattle area real estate market, and it’s also a time when more sellers get around to listing their homes, so typically we see slightly less demand and a bit more inventory compared to in the spring.  This year we have a long way to go to make up for the shortage of available homes.

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About the Author ()

Irene Nash has been representing Seattle and Eastside home sellers and buyers in real estate since 1999. She and her husband Mike specialize in straightforward communication and providing top-notch staging and photography for every home listing.

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