Ballard, Seattle Real Estate Update

If you are thinking of listing or buying homes for sale in Ballard, Seattle, the first step is finding a Ballard, Seattle Realtor who can not only guide you but also educate you on what is happening in the Ballard, Seattle Real Estate Market. You can use details like average and median sold prices for homes for sale in Ballard, Seattle, along with the month supply and days on market to your advantage. As a seller, knowing the average and median sold price helps you to price your property according to market value and hopefully experience a shorter time on the market as well as attract multiple offers. As a buyer, you will know the necessary details that help you put together an offer that stands out in our competitive market. The best resource for this info is a Seattle, WA realtor. When you align yourself with a professional, qualified Ballard, Seattle Realtor who has a proven track record, you will have someone who is professional representing you throughout the entire transaction and beyond. So how is the Ballard, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Ballard, Seattle goes, prices are up compared to this time last year. Although before seller’s rejoice, it is important to know that this month’s numbers are actually down slightly from last month. The average is up 12.3% from this time last year at $779,028. The median sold price is up 10.2% at $775,000. The average percentage of list price for this neighborhood is up 0.6% from last year at 105.5%. This number, however, is down a bit from last month. Your realtor in Ballard, Seattle will further explain how you can use this number to your benefit, but it basically tells you your negotiation power and that Ballard, Seattle homes for sale are getting over asking on average.

As far as inventory in this neighborhood is concerned, the amount of Ballard, Seattle homes for sale is up 15.8% while the amount of new listings is down 9.5%. Closed sales are down 19% and pending sales are down 18%. This month supply is up 25% from this time last year at 0.5, but this is actually unchanged from last month. Your realtor in Ballard, Seattle will be able to share what this number is as it changes with the market but in a nutshell, it tells us who has control of the Ballard, Seattle real estate market. Anything less than 4 is a seller’s market while anything over 6 is considered balanced. Both the average and median days on market are down. The median days on market for Ballard, Seattle homes for sale is 7 while the average is down to 11. This is unchanged from last month as well for both numbers.

If you are looking for a Ballard, Seattle Realtor or Ballard, Seattle homes for sale, feel free to give us a call. Our team would be happy to help!