Northwest MLS Seattle Real Estate Statistics for September 2015

The Northwest MLS has released their Western Washington real estate statistics for September 2015.

It was true, the double-digit increase in prices and closed sales was unsustainable. With extremely low inventory and frustrated buyers we are seeing the market slow down a bit. King County reported 3,079 closed sales this month versus 3,333 in August. Closed sales are up 14.46% from this time last year but down 18.1% from two months ago. The median price of single family homes and condos in King County both dropped 2% since August. Pending sales have increased 5.75% from the same time last year and have dropped 7.15% since last month. Inventory of homes for sale is down 30.29% compared to last year at the same time.

King County Data for September 2015:

  • King County median prices have increased 4.76% from twelve months ago.
  • There were 3,079 closings in King County for single family homes and condos, up 14.46% from a year ago.
  • Pending sales for King County were up 5.75% from the same time last year.
  • There were 4,257 total active listings in King County for September 2015, compared to 6107 last September and 4,352 last month.
  • There were 3,411 new listings in King County compared to 3,618 new listings in August.
  • The single family median price was $490,250 compared to $460,000 last August– a 6.58% gain.

Here at findwell, we are seeing a decrease in listings week by week.  Buyers seem to be slowing down a bit too, with not as many offers on homes as we were seeing in the spring/summer months.  Still, most homes that are priced well in the core neighborhoods are getting multiple offers.  We have a lot of out of state buyers still coming to the area and if this trend continues it will further fuel our need for more inventory.

Number of Sales
Number of Sales
Active Listings
Active Listings
Median Sales Price
Median Sales Price
Months of Inventory
Months of Inventory
New LIstings
New LIstings