November 2022 King County NWMLS Market Update šā£ā£ā£
š Despite seasonal slowdown, NWMLS brokers report pent-up demand for housing
š Sellers who price to the market are attacting offers as the median price in King County is up $10,000 from a year ago.
š Novemberās inventory was up to 2.36 months, the best since January 2019ālast year, there was less than a monthās worth of inventory.
šThe median sales price in Seattle for single family homes was up nearly 6.5 percent from last year.
š There were 48 new condos listed and 23 closed sales in Area 701 (Belltown, Downtown, Pioneer Square, and part of South Lake Union).
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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.ā£ā£ā£
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