Contact us:

[email protected]
206-618-1600

Market Report: Median Price Sets New High

By February 9, 2018

Market Report

Now that January is behind us time to check in on what the real estate market did – and again, it doesn’t look good for buyers! For single-family homes and townhomes, the median price is a record setting $745,444. The previous high was $735,000 last June.

Here’s a look at the three primary indicators, which we’ve broken out by single-family and townhomes versus condos.

Single-family & townhomes:

  • The median price was $745k, up, $41k from December, and up 20% from $617,500 from January 2017.
  • We saw only 538 new listings (up from 271 in December). Last January, we saw 557 new listings.
  • The number of homes for sale at the end of January was 410 (down from 359 in December)

Condos:

  • The median price was $490,000, down $6,000 from December so it isn’t all bad news! But that is up 11% from January 2017’s $440,000
  • We 224 new condo listings, up from 82 in December. Last January we saw 199.
  • The number of condos for sale was 150, up from 115 in December.

What did other outlets have to say?

Single-family & Townhomes

Condos

I’m the founder and managing broker of Urban Living. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.

Get in touch to:

  • Understand the market
  • See homes for sale
  • Sell your home

Contact:

206-618-1600