September Real Estate Stats for the Eastside and King County
- Sales are good (pending sales up 9% for September vs last year 931 vs 857). Inventory is down 21% from a year ago (1,713 vs 2,161).
- Sales up and inventory down is good for sellers, but it does not feel too good. Prices are flat. Only 18% of September closings were for over list price compared to 60% in the hot hot markets (spring of 2017 & 2018). Finally, about half (46.8%) of properties that sold, sold with less than 15 days of Days on Market. List price must be close to value to sell.
- Sales are good (pending sales up 10% for September vs last year 948 vs 861). Inventory has stayed flat (1,959 vs 1,965 active at end of the month).
- With sales up and inventory staying flat it would seem good for sellers, Though prices are down 3% from last year. 19% of September closings were for over list price compared to 23% last year, and this compared to the hot, hot spring markets 2017 & 2018 when 60% sold over list price.