Buying or selling Real Estate on Seattle’s Eastside this week? HERE’S THE NEWS YOU NEED TO KNOW!

[embed]https://youtu.be/TOxaVFFS36U[/embed] Wednesday Update: Seattle's Eastside Residential Market Update for the week of 11/30/22. 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 We have mixed news to share this week. Watch our video for all the details. THE NUMBERS: Active Listings reached their highest level this year on 7/27/22 at 1189. Active Listings are down from last week. 791 vs 838 a 6% decrease. Compared to a year ago this week, listings are up 675%. 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 $1,748,000. Pending Sales have dropped from last week. 40 vs 69 a 42% decrease. Compared to a year ago this week, pending sales are down 17%. 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 $1,187,500 which is down from last week where they were at $1,250,000. 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 rose this week. It was 2.80 months of inventory last week and is now 4.56 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 Find us online at: Web: https://eastsidehomes.com Facebook: https://www.facebook.com/tmeier Instagram: https://www.instagram.com/tonymeier.windermere/ https://www.linkedin.com/in/tonymeier/ #redmondrealestate #bellevuerealestate #woodinvillerealestate #issaquahrealestate #sammamishrealestate #bothellrealestate #kirklandrealestate