November 2022 King County NWMLS Market Update šŸ“Šā£ā£ā£

šŸ“ˆ Despite seasonal slowdown, NWMLS brokers report pent-up demand for housing

šŸ“ˆ Sellers who price to the market are attacting offers as the median price in King County is up $10,000 from a year ago.

šŸ“ˆ November’s inventory was up to 2.36 months, the best since January 2019—last year, there was less than a month’s worth of inventory.

šŸ“ˆThe median sales price in Seattle for single family homes was up nearly 6.5 percent from last year.

šŸ“ˆ 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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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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