February Market Update
With a median sold price of $1,465,000 in January, the Eastside residential market experienced an 11% year-over-year price increase. Homebuyers saw available inventory drop during January, declining from 1.2 months of supply to just 0.9 months. Sellers ready and able to step into the market are benefitting.
January Market Update
The Eastside real estate market started the year on a strong note, with last month’s median residential sold price of $1,440,000 up 11% year-over-year. Despite there being only 1.2 months of inventory to start the year, there are opportunities for buyers due to declining mortgage rates.
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