Tuesday, March 20, 2007

Seattle Real Estate Market Conditions Jan 2007

Courtesy of ZipRealty:

The percentage of homes on the market where the asking price has been reduced *: 24.6%
Average December 2006 January 2007 % Change
Asking Price $480,767 $454,247 -5.5%
Sales Price $474,647 $452,620 -4.6%
% of Asking Price 100% 99% 1.0%
$/SQFT $285 $282 -1.1%
Days on Market 73 86 17.8%
Total Transactions 802 574 -28.4%

Market numbers as of 2/8/2007: 2,277 properties on the market with 560 showing price reductions.

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