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
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