Dasmarka Real Estate

These numbers are based on a three month historical analysis that is updated on a weekly basis.
MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)Single Family HomesAverage Days on Market: 93 Days (Down From 97 Last Week)Inventory of Active Listings: 591 (Up from 562 Last Week)Inventory of Sold & Pending Listings: 165 (Down From 253 Last Week)47 listings are absorbed by demand each month on average. (Down From 51 Last Week)11 Months Worth of Supply (Up from 8.5 Last Week)Average List Price: $885,342 (Up from $883,481 Last Week)Average Sale Price: $737,816 (Down from $747,990 Last Week)Median Sale Price: $615,000 (Down from $625,000 Last Week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 500 for Single Family Homes: This market has seen drops in the absorption rate for three weeks in a row. However, the area still favor buyers over sellers based on the fact that there is an 11 month supply of homes. A market is considered balanced when the supply of homes is closer to a six month supply.
CondominiumsAverage Days on Market: 67 Days (Down From 69 Last Week)Inventory of Active Listings: 149 Active Listings (Up from 144 Last Week)Inventory of Sold & Pending Listings: 52 (Down from 99 Last Week)15 listings are absorbed by demand each month on average. (Down From 20 Last Week)7.8 Months Worth of Supply (Up from 7.2 Last Week)Average List Price: $335,408 (Down from $337,384 Last Week)Average Sale Price: $337,467 (Up from $321,810 Last Week)Median Sale Price: $315,500 (Up from $306,900 Last Week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 500 for condos: The condo market in MLS Area 500 had been fighting to stay within buyer territory for the last three months with moderate success. The absorption rate is at 7.8 months. (a six month supply is considered a balanced market).MLS Area 350 (Northeast Renton / Renton Highlands, East Highlands, Briarwood) Single Family HomesAverage Days on Market: 102 Days (Down from 103 Last Week)Inventory of Active Listings: 453 (Up from 459 Last Week)Inventory of Sold & Pending Listings: 181 (Down from 311 Last Week)54 listings are absorbed by demand each month on average. (Down from 62 Last Week)8.2 Months Worth of Supply (Up from 7.4 Months Last Week)Average List Price: $565,097 (Down from $579,342 Last Week)Average Sale Price: $474,384 (Down from $497,702 Last Week)Median Sale Price: $420,000 (Down from $436,000 Last Week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 350 for Single Family Homes: Last week’s numbers show that buyer activity remained strong. The average days on market went down. The absorption rate is the key number to watch. At 8.2 months, things look great for buyers which means the same is true for sellers who are willing to price their homes correctly in this MLS Area.
CondominiumsAverage Days on Market: 75 Days (No Change From Last Week)Inventory of Active Listings: 89 Active Listings (Up from 83 last week)Inventory of Sold & Pending Listings: 37 (Down from 48 last Week)9.7 listings are absorbed by demand each month on average. (Down from 10 Last Week)8.9 Months Worth of Supply (Up from 8.2 Months Last Week)Average List Price: $249,390 (Down from $252,390 Last Week)Average Sale Price: $241,593 (Down from $244,503 Last Week)Median Sale Price: $254,990 (Up from $245,000 last week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 350 for condos: Real estate trends indicate a shift a market that favors buyers over sellers in this MLS Area. The absorption rate dropped is 9.7 months. A market with a six month supply of homes is considered balanced between buyers and sellers. A market with less than a six month supply of homes typically favors buyers.
MLS Area 340 (Southeast Renton / Cascade, Tiffany Park, Talbot Hill, Benson Hill, Fairwood)Single Family HomesAverage Days on Market: 94 Days (Up From 93 Last Week)Inventory of Active Listings: 409 (Up from 395 Active Listings Last Week)Inventory of Sold & Pending Listings: 190 (Up from 232 Last Week)44 listings are absorbed by demand each month on average. (Up from 46 Last Week)9.1 Months Worth of Supply (Up from 8.5 Months Worth of Supply Last Week)Average List Price: $442,052 (Up from $437,413 Last Week)Average Sale Price: $374,352 (Down from $374,629 Last Week)Median Sale Price: $388,470 (Up from $361,855 Last week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 340 for Single Family Homes: Based on an absorption rate of 9.1 months, this market now favors buyers over sellers. An average of 44 listings are being absorbed each month out of 406 listings available for purchase which basically says there are buyers out there but they are only interested in the homes that are priced correctly for their condition and location.
CondominiumsAverage Days on Market: 84 Days (No change from Last Week)Inventory of Active Listings: 110 Active Listings (Up from 109 Last Week)Inventory of Sold & Pending Listings: 62 (Down from 63 last Week)12 listings are absorbed by demand each month on average. (Down From 13 Last Week)8.6 Months Worth of Supply (Up from 8.3 Last Week)Average List Price: $234,457 (Down from $233,948 Last Week)Average Sale Price: $232,259 (Down from $235,819 Last Week)Median Sale Price: $230,000 (No change from $230,000 Last Week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 340 for Condos: The condo market in MLS Area 340 had been fighting to stay within buyer territory for the last three months with moderate success. The absorption rate is at 8.6 months. (a six month supply is considered a balanced market).
If you are interested in statistical information for an MLS area not covered here, please respond to this post to let me know what neighborhood you live in and I will follow up with the statistics specific to your area of interest. You are also welcome to visit my website at http://www.callsnyder.com/ where you can access my Market Snapshot research tool found on the left side of the homepage.
This information is deemed reliable but it is not guaranteed to be 100% accurate. I generated these statistics using the Northwest Multiple Listing Service. These statistics were not compiled or published by the Northwest Multiple Listing Service. The analysis of each MLS Area is based on the market statistics but is the personal opinion of the author.

Lonnie Snyder
REALTOR®
Keller Williams Realty Southeast Sound
Phone: 206-406-2710
E-Mail : snyder@kw.com
Website: http://www.callsnyder.com/
Blogsite: http://renton-real-estate.blogspot.com/
Lonnie Snyder is a full time real estate agent and REALTOR® with Keller Williams Realty specializing in Residential Real Estate for buyers and sellers in Washington’s Kent, Renton, Newcastle and South Bellevue.