Realogics Sotheby’s International Realty (RSIR) presents a look at the housing market trends for the first two quarters of 2017, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
Seattle | Single Family Homes
Prices continued to exceed seller’s expectations in Q2-2017, as the median sales price reached $718,000, an increase of nearly 13% compared to 2016.
Eastside | Residential
Notoriously anemic supply continues for communities on the Eastside, as inventory decreased to just 0.8 months with a spike in the average list price, up $300,000 from last year.
Bainbridge Island | Residential
Much of the region is experiencing decreasing inventory, but Bainbridge Island saw a rare increase in months of inventory for Q2-2017, up to 2.1 months compared to 1.7 in 2016.
Seattle | Condominiums
Inventory continues to be scarce at just 0.7 months, as the average list price increased by $180,000 year-over-year and days on market decreased over 10% compared to 2016.
Market Trends Around the Sound
See related article, SEATTLE REAL ESTATE ISN’T OVERPRICED, IT’S UNDERVALUED