Seattle Housing Market Update September 2019

Oct 3, 20190 comments

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 September, Seattle home prices remained steady at $675,000, a $5,000 increase from August 2019. Seattle’s median home price one year ago in September 2018 was $25,000 higher, at $700,000. So that represents a year-over-year decline. More new listings came on the market at 1,327, but only 792 went pending. This is normal, as September closed sales represents the sales activity of August and August tends to be a slower month of the year. 

The average days a home spends on the market before going pending ticked up slightly to 37, and the months supply of homes stayed steady at 2.4. Months supply is the total months it would take to sell all homes on the market if no new homes were listed. Single-family homes are selling much faster than condos in the current market. Average price per square foot declined only a few dollars to $468.

The total sales volume for the month of September 2019 was $618.1 million, slightly up from September 2018’s $555 million.

About Beachworks

Beachworks LLC local, family-owned company in north Seattle committed to improving the value of our community. For those who need to sell their homes quickly and privately, we we provide an all cash offer and close on your timeline.

Seattle Housing Market Update September 2019
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Seattle Housing Market Update September 2019
In September, the median home price for residential and condominium homes sold in Seattle held steady at $675,000. A number of new homes came on the market, at 1,327 but was slightly lower than September 2018.
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Beachworks LLC
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