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Market Trends for King County. 

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

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

Months of Inventory - Based on closed sales

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 
     Jason Moon, Licensed with Coldwell Banker Bain, 1200 Westlake Ave N, Suite 406, Seattle WA 98109
Some photos provided by RL5 
photography.