North King County

North King County North King County Quarterly Market Trends – Q3 2020   The real estate market continued to positively perform in the third quarter, and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in […]
North King County North King County Quarterly Market Trends – Q2 2020 The real estate market performed very well in the second quarter despite the changing and challenging environment due to the COVID-19 health crisis. Our industry has been considered essential and required to operate with strict protocols in place to help protect the safety of buyers, sellers, brokers, and service providers. The ability to still do business helped […]
North King County North King County Quarterly Market Trends – Q1 2020 As we head into the second quarter amid the COVID-19 outbreak, new real estate listings and transactions have slowed after a strong first quarter. What would typically be the seasonally brisk Spring Market has tempered in respect of the Stay Home, Stay Healthy order.   During this time, some sellers are still coming to market and […]
North King County North King County Quarterly Market Trends – Q4 2019 In the fourth quarter of 2019, there were 8% fewer new listings that came to the market compared to the fourth quarter of 2018, but pending sales outpaced inventory levels with a 29% increase in sales activity. The trend of pending sales outpacing new listings rang true throughout all of 2019, which illustrates strong buyer […]
North King County North King County Quarterly Market Trends – Q3 2019 Increased pending activity is an indication of strong buyer demand which is very much being driven by historically low interest rates, a thriving job market, and an overall strong local economy. In fact, interest rates are an entire point lower than they were a year ago! This affords buyers a price point that is 10% […]
North King County North King County Quarterly Market Trends – Q2 2019 2019 provided a very healthy and more balanced spring market! Median price is up 1% year-over-year at $760,000. Prices have started to find their balance as more inventory has come to market compared to the scarcity of years past. While buyers have had more choices over the last year, it is still a seller’s market with […]
North King County Q4 2018 – North King County Quarterly Market Trends 2018 was a year of change and growth. The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 92%! Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have experienced, resulting in well-established equity levels. In 2018, inventory averaged 1.5 months, double that […]
North King County North King County Quarterly Market Trends In September, the average days on market landed at 23 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering month-over-month price growth to a more sustainable level. Back in April, the average […]
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