Monday, July 20, 2015

Seattle Housing Inventory

There are currently 682 active listings for single family homes for sale in the City of Seattle. 384 of these have been on the market for more than 30 days, which means that 44% of current listings have been on the market less than 30 days.

There have been 757 sales of single family homes in Seattle in the last 30 days, greater than the entire inventory that is currently available in all price ranges. 301 homes sold in the last two weeks. Of these, the median home price was listed for $525,000 and sold for $585,000. Half of these homes sold in less than seven days.

Are we in a bubble, Seattle? What do you think?

Happy Investing!

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