Seattle Real Estate Market In A Minute Update | December 2019

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Here is your Seattle Real Estate Market update for December 2019. Your Market In A Minute Video, everything you need to know about the real estate market in 1 minute!!

If you watch 1 video this month about real estate, make it this one!

Topics typically covered include: -Real Estate Price Trends -Housing Inventory Levels -Demand for housing -Hot appreciating areas -Real Estate Broker Trends

“๐๐จ๐ฏ๐ž๐ฆ๐›๐ž๐ซ ๐’๐ฎ๐ซ๐ฉ๐ซ๐ข๐ฌ๐ž” ๐›๐ซ๐ข๐ง๐ ๐ฌ “๐ฉ๐ฅ๐ž๐ง๐ญ๐ฒ ๐จ๐Ÿ ๐›๐ฎ๐ฒ๐ž๐ซ๐ฌ”; ๐ฎ๐ฉ๐ญ๐ข๐œ๐ค ๐ข๐ง ๐ก๐จ๐ฆ๐ž ๐ฌ๐š๐ฅ๐ž๐ฌ, ๐ฉ๐ซ๐ข๐œ๐ž๐ฌ โฌ†๏ธ

Brokers with NWMLS reported “plenty of buyers” competing for sparse inventory during November, which ended with a 7% year-over-year increase in pending sales. The volume of mutually accepted offers rose even more (9.2%) in the tri-county Puget Sound region consisting of King, Pierce and Snohomish counties, with Snohomish leading that list with a jump of about 12%.

Median sales prices also jumped compared to both a year ago and to October. For November’s 7,216 closed sales (which were up 5.5% from a year ago), the area-wide sales price was $434,900, a gain of about 10% from the same month a year ago. Compared to October, last month’s price on sales of single family homes and condos (combined) jumped 3.5%.

King County’s median price of $612,000 led all other counties, but prices there edged up just over a percentage point compared to a year ago.

Sean Reynolds

Sean Reynolds

The Owner and Designated Managing Broker of Summit Properties NW and Reynolds & Kline Appraisal.

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