Market Trends: Second Quarter of 2019
Cindy Paur August 6, 2019
Cindy Paur August 6, 2019
Statistics from the second quarter of 2019 are in, and Realogics Sotheby’s International Realty has analyzed the data with a look at the housing market trends for the second quarter of 2019, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
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With 1.8 months of inventory in the second quarter of 2019, Seattle was once again a seller’s market. Homes sold with more speed than in Q1-2019, selling in an average of just 25 days.
Higher levels of condominium inventory continued in the Seattle condominium market, but didn’t impact market times, which fell to 36 days, down from over 2 months in Q1-2019.
Median home prices on the Eastside remained relatively steady in Q2-2019 at $899,000. Buyers benefited from more options than in recent years, with a 30 percent surge in inventory
Home values saw year-over-year double-digit growth in the second quarter of the year, increasing from $865,000 in Q2-2018 to $979,000 in Q2-2019, a 13.2% gain.
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