King County & Eastside Home Sales Report
King County Home Sales Report shows record sales. In June, King County Closed Sales saw a decrease of 4.11%. The median house sales price in King County was up 10.17% over last year to $650,000. The Eastside saw a closed sales decrease of 3.27% and a median sale price increase of 7.23% up to $802,000
Inventory Decline takes a pause?
According to our King County Home Sales Report Pending Sales across King County also showed a decrease of 10.43%. In June, the number of total active listings went up to 47.40% from June of 2017. (THAT IS SOME GOOD NEWS) On the Eastside pending sales were down 10.17% and total active listings were up 46.26%
For additional details, see the June raw numbers from the Northwest Multiple Listing Service: NWMLS-June-2018
Market Action Index
For our King County home sales report market activity has continued its seasonal accent in June see above Market Action Index (a gauge of market activity). The good news above is that new inventory is hitting the market as well.
Median Price for Key King County Cities
- Bellevue: $891,250 up 15.0%
- Kirkland: $750,000 up 15.5%
- Redmond: $766,000 up 8.3%
- Seattle: $698,000 up 15.9%
Also, be sure to check out the national real estate trends at Realtor.com. If you compare the national picture against this months home sales report, you will see that King County and the Eastside are top performers!
What does this mean for home sellers?
Sellers….it’s in this time that you need to be very careful with your marketing strategy The inventory increase is surprising many agent and sellers alike. The strength of the market may fade. You need to price it carefully and now more than ever need to be compelling. Buyers may be out for revenge Look closely at your housing goals, as now may be the time to sell. If you’re curious about the value of your house, please click here for a complementary market analysis of your home.
What does this mean for home buyers?
Some much needed relief is now upon us. Buyers you now have a chance to choose between a few more available homes. Don’t get too carried away, prices are not going to drop, but you may be able to get a contingent offer accepted, or you may find some softening in housing prices. If you find something that meets your needs you may not have to compete for it. WARNING Interest rates are on the rise.
Home Sales in King County
Below are links to homes available for the King County communities of Bellevue, Issaquah, Kirkland, Seattle, Redmond, and Sammamish. Just click on the link to your neighborhood for the complete breakdown for the week of 6/10/18.
I hope you find this home sales report useful. Please share with your friends. To find out how much your home is worth in today’s market, please click here for a complementary market analysis of your home. And if you are interested in selling your home for top dollar, in the shortest amount of time, please contact me anytime at 425-200-4093, or click here to send me an e-mail requesting further information.