September '08 Seattle Home Prices

By
Real Estate Agent with Windermere Real Estate

 I know you guys love to hear the stats.  I am happy to oblige.  Here is a graph showing what the current median home price is doing in Seattle.  Below the graph is the raw data for those of you who want to dig into it.  The price for the most recent month of $420K is down roughly 13% from the highs of June 2007.  Keep in mind a couple of things:  First of all prices typically spike in the summer so it is best to compare year over year at the same time of year.  We should expect prices to flatten out or dip a little further this winter.    Also, keep in mind that the value within a specific neighborhood may be very different then the overall Seattle stats. 

If you want to see a specific neighborhood, let me know and I can post it. 

I'll post the condo stats tomorrow.  Enjoy.

Average Seattle Home Prices

 

 

 

Date 10/04 2/05 6/05 10/05 2/06 6/06 10/06 2/07 6/07 10/07 2/08 6/08 9/08

 

For Sale

 

1742 1320 1489 1701 1333 1631 2083 1546 2319 2961 2678 3128 3210
Sold 735 561 952 789 538 944 669 544 861 511 454 571 448
                           
Months of Inventory based on Closed Sales 2.4 2.4 1.6 2.2 2.5 1.7 3.1 2.8 2.7 5.8 5.9 5.5 7.2
                         
                         
Avg. Sld Price 404 429 506 487 479 545 524 501 570 583 548 587 484
                         
                         

 

Sold/Orig LP Diff. %

 

98 100 99 99 99 99 99 98 98 97 95 95 94
                         
Avg CDOM     30 35 49 35 34 58 39 49 79 64 81

 

Median Price

 

340 360 404 400 408 450 445 432 475 450 448 460 420

 

 

Posted by

Rob Graham, Managing Broker

Windermere Real Estate

206-321-6349

robgraham@windermere.com

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