If you are interested in buying or listing homes for sale in Queen Anne, Seattle, it is important to know what is happening in the local market. Finding out the month supply, sold prices, percentage of list price and days on market can help both buyers and sellers achieve success. As a buyer, you get an idea of what the competition is like, how fast you need to move and what to offer. As a seller, you understand what to price at and how quickly your Queen Anne, Seattle real estate may sell OR sit on the market. The best way to get this information is from an experienced Queen Anne, Seattle realtor. So how is the current market doing? Let’s look!
The average and median sold prices for homes for sale in Queen Anne, Seattle are up compared to this time last year AND last month. The average sold price is up 9.5% from this time last year at $1,005,980. The median sold price is up 11.2% from last year at $885,000. The average percentage of list price is down from this time last year at 102.3% for this neighborhood. Your realtor in Queen Anne, Seattle can explain how this number can be used to your benefit, but in a nutshell, it indicates your negotiation power and tells us how much of the asking price Queen Anne, Seattle homes for sale are getting.
As far as inventory in this neighborhood is concerned, the amount of Queen Anne, Seattle homes for sale is up 61.8% while the amount of new listings is up 7.2%. Closed sales are down 24.4% while pending sales are down 21.3%. The month supply is up 70% and is now at 1.7. To understand month supply, it tells us who has control of the Queen Anne, Seattle real estate market. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Both the average and median days on market are down. The median days on market for Queen Anne, Seattle homes for sale is 10 while the average is 23. If you are looking for a Queen Anne, Seattle Realtor or Queen Anne, Seattle homes for sale, feel free to give us a call. Our team would be happy to help!