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January 2019 Seattle Area Real Estate Report

Windermere Mercer Island

Attentive home buyers can find “good values and receptive sellers”

KIRKLAND, Washington (January 7, 2019) – December brought few surprises for real estate brokers in Western Washington with holidays, fluctuating interest rates, and volatility in consumer confidence contributing to slower activity. Several leaders from Northwest Multiple Listing Service described 2018 as a transition year for residential real estate.

New data from the MLS show inventory in its 23-county market area dipped below two months of supply for the first time since July. A year-over-year comparison of the number of new listings, pending sales, and closed sales show drops overall, while prices rose from the same month a year ago.
Member-brokers added 3,631 new listings of single family homes and condominiums during December (10.4 percent fewer than a year ago), boosting total active listings to 12,275, up from the year-ago volume of 8,553. Pending sales were down about 8.4 percent from twelve months ago (5,677 versus 6,198), and the volume of closed sales dropped nearly 16.6 percent (6,374 versus 7,642).

Read the entire NWMLS Press Release here.

View the full market report

 Neighborhood Reports

SEATTLE

West Seattle
South Seattle
Central Seattle
Queen Anne
Ballard-Green Lake
North Seattle
Shoreline-Richmond Beach
Kenmore-Lake Forest Park
Downtown Seattle Condos

EASTSIDE

South Eastside
Mercer Island
West Bellevue
East Bellevue
East Lake 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.

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

© Copyright 2019. Information and statistics derived from Northwest Multiple Listing Service.

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