March 2011 Seattle Eastside Real Estate Stats

March 2011 month end statistics

  • The market kept pace with prior years’ tax- incentive-fueled market!  Year-to-date pending transactions are down 6% and year to date closed transactions are up 4%.
  • Active Inventory decreased (13%) and March pending sales decreased (8%) leading to a decrease in months’ supply of inventory of 3.8.  If months’ supply of inventory stays at this level then:

o   Prices should tick up slightly (Distressed market at 25% will continue to put downward pressure on pricing).

o   Properties in good condition at market price should receive multiple offers.

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