Weekly King County Market Watch
King County inventory continued to build during the week ending July 12, rising 1.1% to nearly 7,900 active listings, while new listings declined 17.0% and closed sales fell 7.9%. Buyer activity strengthened sharply, with pending sales increasing 33.0% following the holiday week. Pricing also moved higher, as the median sold price rose 5.1%, the average sold price increased 7.1%, and the average price per square foot gained 2.5%. Homes sold slightly further below asking, while average days on market improved modestly from 30 to 29 days.
Contact me today to set up a consultation in person or virtually to learn more about market conditions, Compass Concierge, and how I can leverage our nationwide network to source buyers to sell your home for more money.
