The same home costs 30% more today than a year ago. Higher mortgage rates could save buyers. If you are absolutely interested in saving money and you want to know how to navigate April madness, catch us LIVE! Every Saturday for more Market Update News!
March 2022 is a Seller's market!
- The number of for sale listings was down 4.3% from one year earlier and up 10.4% from the previous month.
- The number of sold listings decreased 12.5% year over year and increased 2.7% month over month.
- The number of under contract listings was up 33.4% compared to previous month and up 13.9% compared to previous year.
- The Months of Inventory based on Closed Sales is 0.7, the same as the previous year.
- The Average Sold Price per Square Footage was up 7.3% compared to previous month and up 19.1% compared to last year.
- The Median Sold Price increased by 5.4% from last month.
- The Average Sold Price also decreased by 8.7% from last month.
- Based on the 6 month trend, the Average Sold Price trend is "Depreciating" and the Median Sold Price trend is "Depreciating".
- The Average Days on Market showed a upward trend, a decrease of 8.3% compared to previous year.
- The ratio of Sold Price vs. Original List Price is 103%, was the same compared to previous year
EVENTS AND HIGHLIGHTS OF APRIL
Large portion of the commission we receive is donated to the Seattle Children's Hospital - STRONG program.
If you have any questions or comments you would like answered in next month's newsletter, email me at [email protected] and they will be included in the market update.
OR if you would like more information on our unique systems and programs, call us at 425-236-6777 or visit our website www.GeorgeMoorhead.com
PREVIOUS NEWSLETTERS:
© 2021. All rights reserved
GEORGE MOORHEAD - Bentley Properties
[email protected]
Direct: 425-236-6777
14205 SE 36th St., Suite 100, Bellevue WA 98006
www.GeorgeMoorhead.com