Your October housing market update is based on the most recent statistics provided by the Northwest Multiple Listing Service (September 2020). Scroll down to find out why there’s never been a better time to be a Seller in King, Snohomish & Pierce counties.
The average sale price in King County is currently $864,733, a 6.1% increase since the start of 2020! There continues to be a limited inventory of homes available on the market. However, those who are listing their homes are receiving an average of 101.5% of the listing price (a 1.6% increase since January).
Homes in Snohomish County are selling for an average of $585,047, a whopping 8.9% increase since the beginning of the year! Again, Sellers are receiving at or above full priced offers – 101.2% is the average percent of list price received.
Last but not least, Pierce County continues to have a HOT housing market. Home prices are up (*gasp*) 12.1%! The average sales price is currently $458,555. As you can see, Sellers in Pierce County are also receiving 101.5% of the listing price (same as King County).
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I hope you enjoyed your October housing market update. Check back monthly to get the most recent market updates in your area!