Western Washington remains a seller’s market in July due to more people moving to the Bellevue/Seattle northwest region and short supply of available homes. Jesse Tam, real estate homes reported on NWMLS tracks homes in 23 Washington counties says they are not seeing a slow down in home sales. King county sales residential homes.
King County sales:
- 4,102 pending sales
- 3,755 closed sales
- Average price: $535,651
- Median price: $439,000
- *Months of inventory: 1.18
King County, residential home sales were up 8.78% with median price of $485,000 an increase of 3.63% over last July. Pending sales were up 10%. The condo sales market even hotter with 40% increase in closed sales with a median price of $297,500.
Closed residential home sales in Seattle were up 7.73% with a median price of $575,000 while condo sales in the city increased 49% with a median of $385,000.