Realogics Sotheby’s International Realty took a look at the latest housing trends from the final quarter of 2018. We’re pleased to present you with some of the statistics from the in-depth report, and encourage you to take a look at what is happening in your neighborhood.
The Eastside saw a cooldown from the record-breaking prices seen in the third quarter, with a median sales price of $860,000. Inventory increased to 1.7 months from just 0.5 months in the final quarter of 2017, offering some relief to buyers seeking to find their dream home. Despite this increase the market was still decidedly in favor of sellers throughout the region.
Unlike the Eastside, single-family homes in Seattle saw a decrease in inventory, down to 1.5 months from 2.1 in Q3-2018. Median sales price and price per square foot maintained relatively stable, at $781,000 and $441 respectively. Both single-family homes and condos in the city saw slight growth despite an influx in inventory. Condos saw an average price per square foot of $581, up from $549 in Q4-2017, and a median sales price of $478,000, up from $441,000 in Q4-2017.
Finally, homes on the shores of Bainbridge Island saw the highest median sales price, despite the seasonal slowdown, at $1,035,000. Inventory decreased to 1.6 months and price per square foot reached $394, up 14.9% from Q4-2017.
Click to read more about the market for single-family homes on the Eastside, Seattle or Bainbridge Island, or check out Seattle’s condo market. Visit Realogics Sotheby’s International Realty for additional details.