Monday’s Market Update – Eastside Condos

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind:

1.       These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@eastsidehomes.com

2.       These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.

3.       When measuring the heat of the market, the following rules apply:

a.       12 weeks or less = Seller’s Market

b.      12-24 weeks = Balanced Market

c.       24 or more weeks = Buyer’s Market

Condo Only, NWMLS Area 500 (Bellevue, South of I-90) = 31.5 weeks of inventory

Condo Only, NWMLS Area 510 (Mercer Island) = Incalculable weeks of inventory (average of 18 listings and no pending sales in last 7 weeks)

Condo Only, NWMLS Area 520 (Bellevue, West of 405) = 45.3 weeks of inventory

Condo Only, NWMLS Area 530 (Bellevue, East of 405) = 27.8 weeks of inventory

Condo Only, NWMLS Area 540 (East of Lake Sammamish) = 39.3 weeks of inventory

Condo Only, NWMLS Area 550 (Redmond/Carnation) = 34.4 weeks of inventory

Condo Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 40.8 weeks of inventory

Condo Only, NWMLS Area 600 (Juanita/Woodinville) = 38.5 weeks of inventory

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com