Ballard, Seattle Real Estate Market Report

If you are thinking of buying or listing homes for sale in Ballard, Seattle, this winter, starting your journey off with some market knowledge is the best way to get started. After choosing a Ballard, Seattle realtor who is experienced and knows the market, of course. Both buyers and sellers can stand to gain by finding out what is happening in the local market and the neighborhoods they are interested in. Things like percentage of list price, sold prices, demand and days on market provide valuable insight that can guide both parties. So how is this neighborhood looking? Let’s check out the numbers.

The good news for sellers is that the sold prices for homes for sale in Ballard, Seattle are up compared to this time last year. The average is up 8.9% from this time last year at $799,007. The median sold price is up 5.4% from last year at $775,000. The average percentage of list price is down 1.8% from last year at 103.8%. Your realtor in Ballard, Seattle will further explain how you can use this number to your benefit, but it basically tells you what your negotiation power is. It also suggests that even though the market is cooling, Ballard, Seattle homes for sale are still getting at least asking on average. As far as inventory, the amount of new listings is up 3.5%. The amount of homes for sale in Ballard, Seattle are up 129.4%. Closed sales are down 25.8% and pending sales are down 26.8%. The month supply is up 175% at 1.1. The average days on market is up at 14 while the median is at 7. These numbers do change, so it is important to work with your realtor for the most accurate information. 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!