Seattle Real Estate Trends, December 2015

This 2016 is starting with the lowest number of homes for sale in Seattle in years! In December there were only 359 homes and condos for sale in all of Seattle. Let’s see what happened in Seattle’s November 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 December 2014 and 2015.

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Median Sales Prices

Prices are up both year over year and month over month. See the tables below!

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market-trends-2015-12-c

I predict that 2016 will be another banner year in Seattle real estate, and I am hopeful that when interest rates start to go up our market will even back out in terms of supply and demand. Have a question about what to do about what to do with your real estate this year? Please contact me – your Seattle Home Guy – at sold@windermere.com or give me a call: (206) 226-5300.

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