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February 2018 Seattle Area Real Estate Report

TheMarketTalks.com
Seattle inventory shortage causes a huge uptick in prices.

Prices for King County homes and condos (combined) jumped 20.3 percent year-over-year from January 2017. That’s great from the 1000 foot view but it doesn’t necessary tell you what’s happening in your area.Since real estate is always local, a look at the individual neighborhood reports depicts what is happening on a micro level.

Before you jump into the reports, you might be interested to know King County pending sales dropped 7.5 percent and closings dropped 18.5 percent due to the ongoing shortage of housing that our market continues to grapple with. Total active listings for sale are down nearly 17.6 percent from a year ago….and we thought we had the lowest inventory in history then!

View the full January 2018 market report

 Published February 2018.

Neighborhood Reports

SEATTLE

West Seattle
South Seattle
Central Seattle
Queen Anne
Ballard/Green Lake
North Seattle
Downtown Seattle Condos

EASTSIDE

South Bellevue
Mercer Island
West Bellevue
East Bellevue
East Lk Sammamish
Redmond
Kirkland
Woodinville
Renton Highlands
Downtown Bellevue Condos


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

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