Seattle Real Estate Trends and Statistics - Monthly Seattle real estate statistics and trends for Seattle, WA

Bellevue and Seattle Real Estate Specialists

14042 NE 8th St #204, Bellevue, WA 98007 | (425) 289-1099

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Seattle Real Estate Trends and Statistics

Location is everything, and understanding the statistics, trends, and home values of real estate in your neighborhood makes for an informed buyer or seller. Providing the information you need to make intelligent choices in real estate is at the core of what we do; we understand that real estate trends and statistics specific to Seattle are often hard to find, so we are happy to bridge the gap between the Seattle real estate trends and the more commonly reported King County or Puget Sound region wide statistics.

We compile the information, based on our local MLS' sales and listing data, on a monthly basis not only so we can stay on top of the developing trends, but also to be able to pass along that knowledge base to our clientele. Feel free to contact us or ask us to grab coffee to talk more in depth with what is happening behind the numbers in your Seattle neighborhood!

Seattle Real Estate Trends and Statistics (sales of single family homes)

Month

Feb '12
Jan '12
Dec '11
Nov '11
Oct '11
Sep '11
Aug '11
Jul '11
Jun '11
May '11
Apr '11
Mar '11
Feb '11
Jan '11
Dec '10
Nov '10
Oct '10
Sep '10
Aug '10
Jul '10
Jun '10
May '10
Apr '10

All
Sales

359
306
448
397
432
460
522
503
573
486
531
521
316
283
464
412
405
374
416
476
572
668
606

All
Median

$345,000
$344,875
$348,750
$350,000
$357,000
$384,250
$369,950
$375,000
$380,000
$380,000
$374,000
$370,000
$355,000
$359,000
$391,259
$388,498
$385,000
$410,250
$399,975
$426,500
$401,500
$407,500
$400,000

All
Average

$427,131
$400,104
$409,629
$422,633
$423,764
$457,105
$463,009
$486,544
$468,879
$459,030
$439,278
$438,136
$425,473
$415,050
$478,049
$466,210
$469,195
$476,036
$476,414
$517,094
$491,275
$487,268
$470,067

Days on Market

61
57
59
57
50
54
51
45
52
56
57
67
67
68
68
53
57
62
56
51
46
47
49

Traditional Sales

267
215
331
285
320
360
416
384
448
386
389
372
237
198
380
334
347
308
342
418
494
589
531

Traditional Median

$390,000
$407,500
$383,000
$416,000
$400,000
$426,500
$426,000
$418,500
$427,000
$420,000
$412,500
$413,750
$402,000
$402,750
$417,750
$411,000
$417,000
$425,000
$429,500
$452,500
$429,500
$422,500
$410,000

Traditional Average

$469,669
$464,913
$461,771
$492,179
$479,043
$506,975
$516,754
$549,001
$526,568
$506,325
$492,841
$498,744
$469,180
$474,870
$504,676
$492,846
$502,593
$506,666
$511,653
$550,387
$515,920
$506,468
$486,399

Days on Market

60
53
60
52
50
49
52
42
48
43
53
65
66
66
68
50
54
62
54
50
45
43
46

Traditional % Volume of Sales

74.37%
70.26%
73.88%
71.79%
74.07%
78.26%
79.69%
76.34%
78.18%
79.42%
73.26%
71.40%
75.00%
69.96%
81.90%
81.07%
85.68%
82.35%
82.21%
87.82%
86.36%
88.17%
87.62%

Foreclosure Sales

62
65
68
71
75
66
78
87
91
68
93
107
57
50
53
48
34
43
41
29
38
29
42

Foreclosure Median

$203,575
$201,500
$171,475
$184,000
$186,000
$202,000
$190,000
$195,000
$195,000
$219,950
$204,000
$242,560
$235,000
$248,250
$284,000
$277,000
$268,500
$232,900
$199,900
$391,250
$262,450
$245,000
$281,750

Foreclosure Average

$295,982
$211,302
$210,542
$210,619
$225,995
$256,765
$215,286
$250,170
$230,692
$255,368
$248,173
$264,213
$268,965
$277,024
$353,857
$333,303
$261,587
$306,303
$251,366
$478,049
$315,386
$299,380
$365,979

Days on Market

50
61
46
60
48
57
37
55
55
112
55
63
74
56
67
52
73
56
62
68
50
58
60

Foreclosure % Volume of Sales

17.27%
21.24%
15.18%
17.88%
17.36%
14.35%
14.94%
17.30%
15.88%
13.99%
17.51%
20.54%
18.04%
17.67%
11.42%
11.65%
8.4%
11.5%
9.86%
6.09%
6.64%
4.34%
6.93%

Short
Sales

30
26
49
41
37
34
28
32
34
32
49
42
22
35
31
30
24
23
33
29
40
50
33

Short Sale Median

$287,500
$255,000
$267,000
$255,000
$305,000
$274,975
$335,000
$299,500
$300,000
$275,000
$309,000
$325,000
$262,475
$275,000
$300,000
$327,475
$276,250
$270,000
$325,000
$260,000
$318,500
$320,500
$300,000

Short Sale Average

$319,578
$336,187
$333,689
$306,346
$346,565
$317,966
$348,725
$362,220
$346,250
$321,311
$376,769
$347,727
$360,123
$273,817
$363,982
$382,313
$280,418
$383,191
$390,820
$293,012
$353,988
$361,576
$339,747

Days on Market

90
82
70
84
59
111
69
52
87
89
95
94
64
103
65
89
73
69
59
66
57
87
79

Short Sale % Volume of Sales

8.36%
8.50%
10.94%
10.33%
8.56%
7.39%
5.36%
6.36%
5.93%
6.58%
9.23%
8.06%
6.96%
12.37%
6.68%
7.28%
5.93%
6.15%
7.93%
6.09%
6.99%
7.49%
5.45%

Distressed % Volume of Sales

25.63%
29.74%
26.12%
28.21%
25.93%
21.74%
20.31%
23.66%
21.82%
20.58%
26.74%
28.60%
25.00%
30.04%
18.10%
18.93%
14.32%
17.65%
17.79%
12.18%
13.64%
11.83%
12.38%

All
Pending
Sales

1081
879
831
956
1013
1021
1046
1080
1094
1172
1127

* Please note that minor adjustments to our Seattle real estate trends and statistics may occur due to the untimely reporting of sales by other agents

Seattle Real Estate Trends and Statistics Through February, 2012

(For a more comprehensive Bellevue and Seattle area update click on over to our recent Bellevue and Seattle real estate trends update)

Median selling price of single family homes holds flat while sales jump 17% and pending sales leap 23% month over month...

In last month's Bellevue and Seattle area real estate update we noted that January's sales data was a bit of a mixed bag, and although prices aren't yet climbing, there looks to be significant progress developing.

The most notable aspects of February's sales data are that prices held flat while distressed sales dropped, overall sales jumped, and pending sales took a bigger step forward. The 4% month over month drop in distressed sales is especially appealing given the fact that the National Association of Realtors released information stating Washington has the lowest "shadow inventory" of foreclosed homes in the nation (this neat map/graphic at KCMblog.com shows the nationwide breakdown).

The first half of 2012 may continue to be a bit bumpy as mixed data hopefully starts to give way to consistently positive data, but we seem to be setting the stage for a solid second half thanks to a thinning foreclosure backlog and growing sales.

Stay tuned for next month's update to see how the progress develops...