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…and by March madness, I mean both on the hardwoods and off the court. FWL has put a bow on the March #’s – the “science.” How is our Seattle market stacking up to the March madness (red hot) of 2018? How are we stacking up to last month? Good questions, let’s dig in…
I’m posting a few digestible bites below. We’ve posted a full set of talking points and reports for Seattle & Eastside, including a 2018 year in review of waterfront – click here.
Need the password? Ask your office or text me – 206.227.7133!
MARCH MONTHLY TALKING POINTS
SEATTLE (based on Residential and Condominium report)
Seattle Residential and Condo YTD through March 2019 vs March 2018:
> Pending sales are up 9.4% (2,554 vs 2,334)
> Prices are down 4.3% (March 2019 closed median = $698,498 vs March 2018 $730,000)
> Months Supply of Inventory is 1.3 months – lowest in 9 months (since June 2018)
> Arguably, the Costs of Waiting a year turned out ok for buyers if you factor interest rates & median prices. *30 year fixed -0.17% YOY (4.27% vs 4.44%)
There you have it, your monthly dose of numbers! Digesting them, knowing them, understanding them helps you better educate your clients and position each of them for success. Need help getting there? Just ask.
Welcome to Friday! Let’s get after it…
