Market Trends for King County.
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November 2019 is a Seller's market*
Home For Sale in November 2019: 10259 units. • Down 18.5% compared to last month • Down 27.2% compared to last year Home Closed in November 2019: 6171 units. • Down 17.8% compared to last month • Down 1.5% compared to last year Home Placed under Contract in November 2019: 6165 units. • Down 9.9% compared to last month • Up 19.4% compared to last year |
**Buyer's market: more than 6 months of inventory based on closed sales Seller's market: less than 3 months of inventory based on closed sales Neutral market: 3 - 6 months of inventory based on closed sales |
For Sale vs. Sold
Average Price per Square Foot
November 2019 Average Sold Price per Square Footage is Neutral*
Average Sold Price per Square Footage in November 2019:$263
• 0% compared to last month
• Up 6.9% compared to last year
Average Sold Price per Square Footage in November 2019:$263
• 0% compared to last month
• Up 6.9% compared to last year
Continuous Days On Market
November 2019 Average Continuous Days on Market trend is Rising*
Continuous Days on Market in November 2019: 42
• Up 7.7% compared to last month
• Down 6.7% compared to last year
November 2019 Sold/Original List Price Ratio is Falling*
Sold/Original List Price % in November 2019: 97%
• 0% compared to last month
• Up 1% compared to last year
Continuous Days on Market in November 2019: 42
• Up 7.7% compared to last month
• Down 6.7% compared to last year
November 2019 Sold/Original List Price Ratio is Falling*
Sold/Original List Price % in November 2019: 97%
• 0% compared to last month
• Up 1% compared to last year
Months of Inventory - Based on closed sales
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November 2019 is a Seller's market*
Months of Inventory based on Closed Sales in November 2019: 1.7 • 0% compared to last month • Down 26.7% compared to last year |
*Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales Neutral market: 3 - 6 months of inventory based on closed sales |
Absorption Charts
DEFINITION of 'Absorption Rate' The rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month. The figure shows how many months it will take to exhaust the supply of homes on the market. A high absorption rate may indicate that the supply of available homes will shrink rapidly, increasing the odds that a homeowner will sell a piece of property in a shorter period of time.
Read more: Absorption Rate Definition | Investopedia http://www.investopedia.com/terms/a/absorption-rate.asp#ixzz3zLSUYaD4
Read more: Absorption Rate Definition | Investopedia http://www.investopedia.com/terms/a/absorption-rate.asp#ixzz3zLSUYaD4