Seattle Real EstateThe trends of Seattle real estate follow closely what happens across the Northwest Multiple Listing Service. The real estate prices remain strong while inventory continued to increase over last year. Inventory at the end of February was 10,448 which was up 39.4% from the previous year. While inventory was up dramatically, sales were up only 1.9%. Nevertheless, the 4,268 closed sales meant there was only 2.45 months of inventory at the end of the month. Anything under 4 months is a seller’s market. Thus, the NWMLS median sale’s price was $630,000 in February which was up from last February ($608,111). In addition, in the county were Seattle real estate is located, the King County median sales price was $820,000. Luxury Real Estate Around SeattleLuxury HomesIn K...
Comments
2