Seattle Housing Market Update for January 2020

Seattle’s real estate market update is gathered using info from NWMLS’ InfoSparks in City of Seattle using data for residential and condominiums sold only.

In January, Seattle home prices bounced back up slightly from the December low. The median sales price for a home in Seattle is now up to $670,000, up from $661,000 in December 2019. That number is also higher than the median home price in January of 2019, which was at $629,000. So that means year over year there is price growth. Single-family homes continue to outpace condos.

Other Stats:

• New Listings: 758 ↑↑
• Pending Sales: 752 ↑↑
• Closed Sales: 555 ↓↓
• Average Days on Market: 50 ↑
• Months of Supply: 0.9 ↓
• Percent of List Price: 99.2% ↑
• Average Price Per Sq Ft: $476 ↑
• Dollar Volume: $414.9 Million ↑

Key:
↑ = Up Slightly
↑↑ = Up Sharply
↓ = Down Slightly
↓↓ = Down Sharply

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Summary

Article Name

Seattle Housing Market Update for January 2020 | Beachworks LLC

Description

In January, Seattle home prices bounced back up slightly from the December low. The median sales price for a home in Seattle is now up to $670,000, up from $661,000 in December 2019.

Author

Beachworks

Publisher Name

Beachworks LLC

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