Prices Finally Catch Up To 2018
Seattle and the Eastside saw six straight years of hyper price appreciation that led us to a peak point in June of 2018 and a following correction that lasted close to six months. Since then 2019 has seen the median price for single family homes increase almost every month (with the exception of seasonal fluctuation) but it took until this past month of August to get back to 2018 numbers. This is what slow and steady appreciation (sanity) looks like!
August 2019 year over year market statistics:
Median price, single family homes; Seattle no change 0%, Eastside no change 0%, North King County down 3.7%, overall King County no change 0%, overall Snohomish County up 0.5%.
Median price, condos; Seattle down 10.8%, Eastside down 3.1%, North King County down 14.2%, overall King County down 3.6%, overall Snohomish County up 10.9%.
2019 Seattle single family home median price by month: January: 712K, February: 730K, March: 753K, April: 754K, May: 785K, June 781K, July: 755K, August 760K.
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