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Eastside Real Estate Market Update for November 2012

King County Real Estate

Market Update for November 2012

JasonECook@Windermere.com

While we saw some expected seasonal slowdown in November, it was less than we typically see. The themes of the year continued in November with low inventory (weak supply), increased sales(strong demand) which equals low month’s supply of inventory, multiple offers being common, and price increases. Below are a few highlights of the stats.

                                
 

Seattle Market Statistics

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Seattle:

Pending sales in November were the 4th highest over the last 15 years, only surpassed by boom year November’s in 2004, 2005, and 2006.

Month’s supply of inventory for November was 1.7, which is 15% lower than the next lowest November number over the last 15 years (November 2004 at 2.0).

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Eastside Market Statistics

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Eastside:

Pending sales in November were the 4th highest over the last 15 years, only surpassed byboom year November’s in 2003, 2004, and 2005.

Month’s supply of inventory for November was 1.8, which is 25% lower than the next lowest November number over the last 15 years (November 2005 at 2.4).

Call or Email me:
JasonECook@Windermere.com
206-280-1911

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