Windermere Real Estate
Seattle Metro A special report on residential real estate sales in King County 3rd Quarter 2012
Windermere Real Estate/Wall St., Inc.
Third Quarter July / Aug / Sept 2012 Housing market rebound continues, with "slow, unprepared buyers" settling for "2nd choice" homes NWMLS, Kirkland, WA, October 4, 2012 â€“ Home sales around western Washington continue to outpace activity of a year ago while inventory remains thin, according to new figures from Northwest Multiple Listing Service. Brokers say that combination is resulting in disappointment for buyers who are slow to accept the reality of a recovering housing market. All cash buyers are returning to the entire market, observed MLS director Darin Stenvers. "Cash offers are being made across the price spectrum, including the million dollarsplus ranges," he added. Buyers are also weighing the pros and cons of renting or buying. "The rent versus buy conundrum is still the biggest obstacle facing buyers today," Stenvers reported. Current buyers are cautiously optimistic, Moorhead reported. Clients in general are united in debt reduction, building up savings and reserves, spending more wisely than they ever have, and have an optimistic outlook of the economy as a whole. Read more on our blog: www.wallstreet.withwre.com Area
Number of Homes Sold Q3
Average Sold Price
Median Sold Price
Days on market DOM
SEATTLE CORE Downtown, Belltown 701
IN-CITY Queen Anne, Magnolia 700
NW SEATTLE Ballard, Fremont, GreenLake, Wallingford 705
NE SEATTLE View Ridge, Maple Leaf, Northgate 710
CENTRAL SEATTLE Capitol Hill, Central District, Madison Park 390
SE SEATTLE Columbia City, Judkins, Mt Baker, Seward Park, Rainier 380
SE SEATTLE Beacon Hill, Georgetown, SODO 385
WEST SEATTLE 140
Real Estate Trends September 2012 Months of Supply: most areas of Seattle Metro showing 0-3 months of supply a â€œSellers Advantageâ€?
All data compiled from NW Multiple Listing Service, this information is deemed reliable, but is not a guarantee nor is it guaranteed, and should be verified to your satisfaction.
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Published on Oct 25, 2012