December brings Holiday Cheer to Seattle’s Eastside Real Estate Market – Update for the week of 12/7/22

[embed]https://youtu.be/oDNrLp1wFMA[/embed] Wednesday Update: Seattle's Eastside Residential Market Update for the week of 12/7/22. 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 Holiday Cheers returns to the Real Estate Market 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 continue to drop from last week. 726 vs 791 a 8% decrease. Compared to a year ago this week, listings are up 548%. 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 $1,741,625. Pending Sales have rose from last week. 53 vs 40 a 33% increase. Compared to a year ago this week, pending sales are down 37%. 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 $1,225,000 which is up from last week where they were at $1,187,500. 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 dropped this week. It was 4.56 months of inventory last week and is now 3.16 months of inventory. (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 #issaquahrealestate #bothellrealestate #medina #kenmore