Wednesday Update : Eastside Residential Market Update – September recap and stats for the week of 10/12/22

THE NUMBERS: Active Listings reached their highest level this year on 7/27/22 at 1189. Active Listings increased slightly from last week. 1014 vs 1004 a 1% increase. Compared to a year ago this week, listings are up 376%.  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 are down from last week. 90 vs 95 a 5% decrease. Compared to a year ago this week, pending sales are down 36%.  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 $1,299,500, which is down from last week where they were at $1,425,000.  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 2.44 months of inventory last week and is now 2.60 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