July Was a Seller’s Market in Seattle!

Check out the statistical graph below!

The number of for sale listings was down 4.6% from one year earlier and up 6.5% from the previous month. The number of sold listings decreased 15.1% year over year and decreased 10.6% month over month. The number of under contract listings was down 5.2% compared to the previous month and up 3.9% compared to the previous year. The Months of Inventory based on Closed Sales is 1.6,
up 14.4% from the previous year.

The Average Sold Price per Square Footage was the same as compared to the previous month and up 9.5% compared to last year. The Median
Sold Price increased by 7.4% from last month. The Average Sold Price also increased by 2.7% from last month. Based on the 6 month trend, the
Average Sold Price trend is "Appreciating" and the Median Sold Price trend is "Appreciating".

The Average Days on Market showed a neutral trend, an increase of 4.5% compared to the previous year. The ratio of Sold Price vs. Original List Price is 100%, was the same compared to the previous year.

Be sure to sign up for your own monthly statistical report for your neighborhood on the link on the top right corner of the graph. It's free and informative!

If you are considering a home purchase or sale, be sure to give us a call, text or email, we would love to work with you!

-Steve and Sandra

Steve Hill and Sandra Brenner
SEATTLE-NORTHWEST
Windermere Real Estate

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