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July 2020 is still a Seller’s Market!

GREATER SEATTLE HOUSING REPORT



Housing inventory is tight

NWMLS saw 10% fewer listings hit the market last

month than in June 2019, but saw 14% MORE

properties go pending. #lowsupply

Buyer’s market: more than 6 months of inventory

Seller’s market: less than 3 months of inventory

Neutral market: 3 – 6 months of inventory



Homes are sold faster

Days on market is flat in June. And still lower, on

average, than June 2019.

Upward trends indicate moving towards a Buyer's market.

Downward trends indicate more of a Seller's market.




Home prices holding strong

Median sales price jumped in June as the

“sales mix” shifted to include more homes in

the higher price ranges (e.g. smaller

proportion of sub-$500k homes being sold).




All reports are published July 2020

Based on combined data of King, Snohomish, and Pierce counties available at the end of June 2020. Information and statistics derived from Northwest Multiple Listing Service. Neither the Association nor its MLSs guarantee or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not

guaranteed.


No copyright infringement intended. This article is owned by Modus

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