Weekly Market Quick Bites With Theresa Ahdieh | April 29th

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View this email in your browser The four Market Numbers you should know:   Active Listings Today 725 Last week 671 One month ago 649 12% less Last year 763 5% more  New Listings (for April) So far in April 794 For the same amount of time last month 666, 19% less At this point last April 642, 24% less Pending Sales (for April) So far in April 654 A this point last month 498, 31% less At this point in April 2023 550, 19% less Number of Sales Closed (for April) So far in April 508 For the same amount of time in February 443, 15% less On this day last April 482, 5% less   What does this mean? Median closed sales price so far this month dipped to $968K, up 7.6% from $900K for the same time period last month and up over 11% up from the same time period last April at $873K. Both of these increases are smaller than what we saw last week. Inventory levels, based on pending sales are steady at .9 months, down from this time last month and last year. This speaks to the increased level of buyers out there compared to both last month and last year. Velocity of the market continues to increase. We are now at an average of 18 days on market. On average, homes are selling for 102% of original list price, slightly down from last week From Jordan Malloch Managing Broker Windermere Northgate Big Win! For all of you who dig into the ADP and BLS employment reports every month, this is going to be old news for you.  However, for those of you that have lives and DON’T dig into the details of employment reports, this might surprise you.                                       Contact Theresa underthepinkumbrella.net Copyright © 2022 Windermere Real Estate Company, All rights reserved. Under the Pink Umbrella with Windermere Real Estate - Northgate Our mailing address is: 301 NE 100th St. Suite 200 Seattle, WA 98125 Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.