Seattle Real Estate Trends – January 2016

It already feels a little spring-like in Seattle. Trees are beginning to bloom, the days are getting longer, and the real estate market never even took a breath in the winter. Let’s see what happened in Seattle’s January real estate market in key neighborhoods:

Inventory and Pendings

Below we compare the number of active listings (supply) and pendings (demand) for several of the key Seattle neighborhoods including Central Seattle, Queen Anne and Magnolia, Belltown and Downtown, Ballard and Greenlake, and North Seattle. Our table includes single family residences as well as condos comparing January 2015 and 2016.

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Median Sales Prices

Prices are mostly up looking at January 2015 versus January 2016 numbers. See the tables below!

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The median home price for January in all of Seattle for both residential and condos was $520,000, which is 15.0% above last January’s $452,000. I was glad to see the amount of available inventory go up in January, from 548 in December to 659 this month. Last January actually had fewer listings than December, so it was good to see this shift as buyers are out in droves.

If you are thinking of a move this year, let’s talk! Please contact me – your Seattle Home Guy – at sold@windermere.com or give me a call: (206) 226-5300.

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