Seattle’s eastside real estate market was very steady in September, 2011. It’s not dramatic with the highs and lows of the recent past, which is refreshing, plus eastside real estate sales are moving and moving well. It looks as if the peak of real estate sales for the year was back in May, when 24% of the available homes got offers. However, in September overall sales dropped only slightly, to 21%. The sales average of 21% means out of the 2713 homes for sale, 563 sold.
Real estate sales on the eastside improved dramatically when compared to last year. This means we’re experiencing a more normal, realistic market in 2011 than in 2010. There are fewer homes on the market and 33% more homes sold on the eastside this September when compared to last year. Our less volatile real estate market is our new normal and really is not bad at all!
On average, most homes were on the market for 90 days before they sold. Homes sold within 93% of the original asking price with the median sales price for the eastside at $526,000.