Seattle housing market recovery in progress

Posted: July 6th, 2011 by Just Real Seattle

Despite what the national media report about the U.S. housing market as a whole, our regional market seems to be performing well. In fact, some areas of our local real estate market appear to be trending toward favoring sellers.

Vital to measuring the pulse of any housing market is to gauge the months of inventory. This figure is determined by dividing the current number of active listings (by community, area or price range) by the number of pending sales within a specific timeframe. This figure is a guide to how many months it will take to sell off all current inventory.

The following graph shows the months of inventory for Seattle single family homes between 1,000-4,000 square feet in size on a monthly basis from March 2010 through May 2011:

The amount of inventory which indicates a balanced market between buyers and sellers is six months. Below six months of inventory, the market favors sellers. Above six months, the market favors buyers.

For more information about how your neighborhood housing market is performing, give us a call (866) 766-7325.

Leave a Reply

justrealseattle metropolitan Seattle Real Estate
FirstLast
Helps us to help you by knowing your neighborhood.
image description
Receive a
complimentary
Just Real Seattle

Home Packet.
Selling PacketBuying Packet
Yes, I'd like to receive your newsletter.

We strongly disapprove of spam. Please know that your
email address and information will be used with the utmost respect.

Close
justrealseattle top five deals
FirstLast
image description
Receive a
complimentary
Just Real Seattle

Interested in knowing what the last five top
residential real estate deals were in a specific neighborhood? Just specify your neighborhod of choice and we'll send you a complimentary report.

Yes, I'd like to recieve your newsletter.

We strongly dissaprove of spam. Please know that your
email address and information will be used with the utmost respect.

Close
justrealseattle metropolitan real estate stats
FirstLast
Helps us to know your neighborhood.
image description
Receive a
complimentary
Just Real Seattle
Real Estate
Stats Report.

We pride ourselves on being your "local economists." Providing you with current inventory and pricing data to help you make an educated and informed decision about the selling or purchasing your home.

Yes, I'd like to recieve your newsletter.

We strongly dissaprove of spam. Please know that your
email address and information will be used with the utmost respect.

Close
justrealseattle newsletter

Info you can use... Local Real Estate news,
lending info, home tips, property profiles, neighborhood happenings, local culture and more!

Close