Summary Increasing demand for houses has reduced available inventory, resulting in a bidding war among buyers that has pushed prices up Sales are down 12.27% year-over-year, but jumped more than 39% month-over-month Median prices have increased in suburban areas more than urban ones due to buyers now being able to work from home or take […]
Summary The number of new listings increased 29.2 % in May from April suggesting sellers are returning to the market. Sold prices dropped between 3-4% in May from April. All counties experienced a drop in sales in May 2020 versus May 2019; but sales increased in all but King County from April to May 2020. […]
The Greater Seattle Area has experienced one of the largest COVID-19 real estate market slow-downs in the US. Under contract listings reached their lowest-point on April 2, down 49% from pre-COVID levels. As of May 5, that number had increased by 56% from April 29 levels, which was 7% above pre-COVID levels. Median prices were […]
