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(click on the each area name for a chart showing the latest stats in the area)

The plateau:  Sammamish, Issaquah, North Bend, and Fall City

Sellers had a 12.7% chance of getting a home sold, DOWN from 15.4% last month and DOWN from 29.8% last year.  Median home prices were up by 3.1%, from $596,450 to $614,900.  Inventory was up by 36.8% and sales declined by 41.7% from last year.

West Redmond/East Bellevue

Sellers had a 13.5% chance of getting a home sold, DOWN from 19% last month, and DOWN from 63.8% last year.  Median sales price decreased from $619,000 to $559,950, a decrease of 9.5%.  Inventory was up 128% and sales were down 51.5%.

South Bellevue

Sellers had a 11.5% chance of selling a home, Up from 10.6% last month and DOWN from 29.1% last year.  Median price increased by 1.5% to $699,475 from $689,075.  Inventory was up 48% and sales were down 41.4%.

Woodinville/Bothell/Kenmore/Duvall

Sellers had a 9.6% chance of selling a home,  DOWN from 12.5% last month and DOWN from 24.9% last year.  Median price was down to $499,950 from $525,000, a 4.8% decrease.  Inventory was up by 47% from last year and sales declined by 43.3%.

Kirkland

Sellers had a 9.6% chance of selling a home, UP from 8.46% last month and DOWN from 31.3% last year.  Median price declined by 15.1%, from $799,950 to $679,000. Inventory was up by 55.4% and sales were down by 52.3%.

West Bellevue

Sellers had a 7.3% chance of selling a home, DOWN from 9.03%, and DOWN from 29% last year.  Median pricing decreased by 11.4% to $1,325,000 from $1,495,000.  Inventory climbed by 103.2% and sales declined by 48.9%.

Redmond/Education Hill/ Carnation

Sellers had a 21,2% chance of selling a home, UP from 14% last month, and DOWN from 33% last year.  Median pricing decreased by .08% from $654,950 to $650,000.  Inventory increased by 60.9% and sales dropped by 3.2%.

County wide, inventory is up from January’s numbers.   On the eastside 2963 homes were on the market in January and now there are 4349 homes for sale, a 32% increase.  The median price was up in four areas on the eastside in April, but only in two areas in May. 

 To determine the most realistic view of the market, look at several months worth of data.   Pay particular attention to the amount of homes for sale in your area.  Regardless of what’s happened in the previous months, make sure you know the actual competition in your area before establishing a sales price and going on the market.

Remember sellers, it is price and condition in this market.  Homes are selling, but as we all know, there is competition.