Market Trends From Around The Sound: Q2-2019

The Schuler Team LLC November 26, 2024

Realogics Sotheby’s International Realty presents a look at the housing market trends for the second quarter of 2019, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
 

SEATTLE  |  SINGLE-FAMILY HOMES

With 1.8 months of inventory in the second quarter of 2019, Seattle was once again a seller’s market. Homes sold with more speed than in Q1-2019, selling in an average of just 25 days.

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EASTSIDE  |  SINGLE-FAMILY HOMES

Median home prices on the Eastside remained relatively steady in Q2-2019 at $899,000. Buyers benefited from more options than in recent years, with a 30 percent surge in inventory.

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BAINBRIDGE ISLAND  |  SINGLE-FAMILY HOMES

Home values saw year-over-year double-digit growth in the second quarter of the year, increasing from $865,000 in Q2-2018 to $979,000 in Q2-2019, a 13.2% gain.

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SEATTLE  |  CONDOMINIUM

Higher levels of condominium inventory continued in the Seattle condominium market but didn’t impact market times, which fell to 36 days, down from over 2 months in Q1-2019.

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