December 2023 King County NWMLS Market Update šŸ“Šā£ā£ā£

šŸ“‰ Interest rates continued to drop to the current rate of 6.61 percent from 7.1 percent in November.

šŸ“ˆ The median sales price for King County was $775,000—up nearly 5.5 percent from a year ago.

šŸ“ˆ The median sales price in Seattle for single family homes was $850,000 and $1,440,000 on the Eastside.

šŸ“ˆ 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).

šŸ“ˆ The median sales price for condos in Area 701 was up 56.25 percent to $867,000.
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šŸ’¬ Please reach out if you have any questions or would like to chat about navigating the market. We’re ready to help and lend our expertise!



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