LOCAL MARKET UPDATE – MARCH 2020

The data and analysis below looks back at February’s market performance.

Buyers that may have been in wait-and-see mode at the end of 2019 jumped off the fence in February. Pending sales (offers accepted but not yet closed) jumped 27%, snapping up already-tight inventory. 55% of homes on the market sold in 15 days or less. The median home price jumped 9% over a year ago to $985,000, an increase of $58,000 from the prior month. Development on the Eastside continues to surge and includes the recent groundbreaking for a 600-foot tower in Bellevue and a proposed 11 acre mixed-use project.

VIEW FULL EASTSIDE REPORT

Posted on March 13, 2020 at 2:37 am
Carlene Sandstrom | Category: Market News | Tagged , , , ,

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