Eastside Real Estate Market Update: October 2018

Although the media does a  good job of capitalizing on any source of stress in the housing market, one just has to look at the facts to measure where our market really is. Let’s take a look at how our local Eastside market performed this past October compared to last year and even further back!

Months of Inventory

But what about inventory? That’s been changing too. Below we can see that in October 2018 there was 2.5 months of inventory. That is an increase from October 2017, during which we had only one month of inventory on the market. Are you wondering what this means for you? Give me a call or send me an email. Let’s talk about your options!

Number of Solds

We can see that the market has relaxed a little too when we compare the number of solds for the month of October over the last 10 years. Take a look below:

Whether you are thinking of buying or selling, these markets create new opportunities. If you want to talk to a REALTOR® who tracks the market and understands what this means for you, then give in touch. Send me an email or give me a call at 206-595-4284.

NWMLS stats for residential properties, areas 500-600 except areas 501 and 561. Information and statistics were derived from Northwest Multiple Listing Service.

 

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