Active Listings reached their highest level this year on 7/27/22 at 1189. Active Listings are down from last week. 916 vs 944 a 3% decrease. Compared to a year ago this week, listings are up 589%.
Active List Prices peaked this year in the week of 3/9/22 with the median at $2,499,500. As of this week they are at a median price of $1,675,000.
Pending Sales have dropped from last week. 63 vs 74 a 15% decrease. Compared to a year ago this week, pending sales are down 48%.
Pending Sales Prices peaked this year in the week of 3/30/22 with the median at $1,659,500. As of this week, they are now at a median of $1,348,888 which is up from last week where they were at $1,274,500.
Months of Inventory reached their lowest level (favoring a seller) this year in the week of 3/9/22 at 0.16 months of inventory.
Current Months of Inventory increased this week. It was 2.94 months of inventory last week and is now 3.36 months of inventory, the highest level this year.
(Months of Inventory Guide: 2 months or less = Seller Favored, 2-4 months = Balanced Market, 4+ months = Buyer Favored)
As always… If we can help with any questions as you contemplate your real estate moves, let us know! Tony Meier & Team – Windermere
This Eastside Update encompasses the cities of Bellevue, Bothell, Carnation, Clyde Hill, Duvall, Fall City, Issaquah, Kirkland, Kenmore, Medina, Mercer Island, Newcastle, North Bend, Redmond, Sammamish and Woodinville