Overall Greater Seattle Real Estate MarketThe Greater Seattle real estate market is part of the Northwest MLS. Pending Sales in August were down 25% across the NWMLS, but the median price In August was the same as July ($615,000) and actually higher than the previous year ($600,000). Prices remain strong because of low inventory. Many current homeowners are locked in at historically low interest rates; thus, are generally choosing to stay put rather than sell. Only 8,152 new listings were added in August. Down 18% from the previous August which added 9,914.The Greater Condo MarketThe condo market has also faired well. Median prices in August ($465,000) did dip from July ($480,000), but for the second month in a row they did exceed the previous year’s median price ($450,000 in Augus...
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