December 2023 King County NWMLS Market Update šā£ā£ā£
š Interest rates continued to drop to the current rate of 6.61 percent from 7.1 percent in November.
š The median sales price for King County was $775,000āup nearly 5.5 percent from a year ago.
š The median sales price in Seattle for single family homes was $850,000 and $1,440,000 on the Eastside.
š There were 25 new condos listed, 25 pending, and 24 closed sales in Area 701 (Belltown, Downtown, Pioneer Square, and part of South Lake Union).
š The median sales price for condos in Area 701 was up 56.25 percent to $867,000.
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š¬ Please reach out if you have any questions or would like to chat about navigating the market. Weāre ready to help and lend our expertise!