Market Trends: First Quarter of 2019
Statistics from the first quarter of 2019 are in and Realogics Sotheby’s International Realty has analyzed the data with a look at the latest residential housing market trends in and around the Seattle area. Below I’ve included links to each report with a summary of key points for single-family homes in Seattle and the Eastside.
SEATTLE | SINGLE-FAMILY HOMES
Though the median sales price in Seattle declined by just over 7% from the first quarter of 2018 to the first quarter of 2019, the average price per square foot held relatively steady on an annual basis at $456, up by roughly half a percentage point from the previous year. The number of homes sold likewise remained largely unchanged, falling by just 3.76%.
EASTSIDE | SINGLE-FAMILY HOMES
Unlike other local markets, the median sales price on the Eastside increased slightly—by 1.7% to $895,000—from the first quarter of 2018 to the first quarter of 2019. This gain came amidst higher inventory levels than the Eastside saw in all of 2018, at 2.4 months.