Market Trends – King County

 
 King County  •  Eastside  •  Southeast King County  •  King County Condominiums

Auburn  •  Bellevue  •  Black Diamond  •  Clyde Hill  •  Covington  •  Issaquah  •  Kent  •  Kirkland  •  Maple Valley  •  Medina  •  Mercer Island  •  Newcastle  •  Redmond  •  Renton  •  Woodinville


Sale vs. Sold vs. Pended vs. New Listing  •  Average Sale and Sold Price  •  Average Sale Price per Square Foot  •  Days on Market  •  Months of Inventory  •  Bank Owned  •  Short Sales


For Sale vs. Sold vs. Pended vs. New Listings

  • For Sale numbers are the snapshot of the number of properties for sale at the end of the month.
  • Pended numbers represent the number of listed properties with an accepted offer during that month.
  • New Listing numbers represent the number of new listings added to the NWMLS database during that month. 
  • Sold numbers represent the number of properties whose sale closed during that month.

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Average Price for Sale and Sold with Median Price

  • The Median Price is the point at which an equal number of homes are sold above or below that price.
  • Median price helps identify where the market activity is the strongest.
  • If the property’s listing price is closer to the median price then there are more potential buyers available for the property.

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Average Sold Price per Square Footage

  • The Average Price per Sqft is the average of sold price divided by square footage of sold listings. 

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Days on Market and Sold/List Price % Report

  • Days on Market (DOM) stands for days on the market, how long a property is on the market. It generally is between the day the property is listed and the day it becomes off market (for example, when it becomes pended).
  • Consecutive Days on Market (CDOM) stands for continuous days on the market and tracks consecutive listing periods. If a property is re-listed within a 90 day period of it's previous expired, withdrawn, or canceled period, CDOM kicks in and tracks the aggregated listing time of the property.
  • When a property is listed on the market, the list price may change couple times before it gets sold. The original list price is the price that is first entered to the MLS database when a property is listed on the market. The Sold/List Diff. % represents the percentage difference between sold price and original list of sold properties.

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Months of Inventory Report

  • Months Of Inventory based on Closed Sales = the number of properties for sale divided by the number of properties sold.
  • Buyer's market: more than 6 months of inventory. Seller's market: less than 3 months of inventory. Neutral market: 3 – 6 months of inventory

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Bank Owned – For Sale vs. Sold vs. Pended vs. New Listings

  • For Sale numbers are the snapshot of the number of properties for sale at the end of the month.
  • Pended numbers represent the number of listed properties with an accepted offer during that month.
  • New Listing numbers represent the number of new listings added to the NWMLS database during that month. 
  • Sold numbers represent the number of properties whose sale closed during that month.

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Short Sale – For Sale vs. Sold vs. Pended vs. New Listings

  • For Sale numbers are the snapshot of the number of properties for sale at the end of the month.
  • Pended numbers represent the number of listed properties with an accepted offer during that month.
  • New Listing numbers represent the number of new listings added to the NWMLS database during that month. 
  • Sold numbers represent the number of properties whose sale closed during that month.

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