June Real Estate Report for Seattle Neighborhoods
As we get deeper into summer, the peak real estate season continues at a steady pace. It’s not as hot as the Seattle real estate market was last year, but inventory is good and there are more buyers out there on the hunt for their next dream home.
Compared to June last year, the number of sold listings has increased dramatically from just eight to 30 sold listings last month. The average sale price was lower in June this year ($917,395 versus $1,318,988 in June 2018), but that median was largely skewed by the highest priced home that sold in June 2018, for $5,200,000. The priciest home sold last month was for $1,750,000, which was closer to the second most expensive home sold in June last year ($1,000,000).
A somewhat different scenario is playing out with condominium home sales, with June 2018 and June 2019 being relatively consistent with each other. There were six listings that sold in June last year, with seven listings selling last month. The average condo sale price was $818,714 for June 2018, versus $623,343 as the average price for condos that sold last month. The most expensive condominium that sold last month was nearly $500,000 less than the top sale price for condos sold in June 2018 ($1,416,547), with $1,015,000 being the top sale price for condos that sold last month.
There are a total of 956 active listings in Seattle right now, in addition to 477 homes and/or condos that are pending sale.
When you’re ready to list your home for sale or begin searching for your next dream home, professional expertise is key. Ewing and Clark’s team of knowledgeable and experienced brokers and leasing agents are just the partner you need to navigate Seattle’s busy real estate market. Contact us to get started!