If you have been thinking of listing or buying homes for sale in Ballard, Seattle, you will want to make sure you have an accurate understanding of what the Ballard, Seattle real estate market looks like. When you know details like the month supply, days on market and the average and median sold prices of homes for sale in Ballard, Seattle, you can feel confident as both a buyer and seller. The best resource for this info is from a Ballard, Seattle Realtor. As a seller, knowing the sold prices is a great way to price your property according to market value. Pricing appropriately allows you to achieve a shortened market time and hopefully attract multiple offers. As a buyer, you can put together an offer on Ballard, Seattle homes for sale that stands out in our competitive market. So how is the Ballard, Seattle Real Estate market doing? Let’s take a look!
The good news for sellers it that the sold prices for homes for sale in Ballard, Seattle are up compared to this time last year. The average is up 12.5% from this time last year AND last month at $784,118. The median sold price is up 9.3% from last year at $775,000 but has remained unchanged from the last month. The average percentage of list price is down 0.2% from last year at 104.9%. Your realtor in Ballard, Seattle will further explain how you can use this number to your benefit, but it basically tells you your negotiation power and that Ballard, Seattle homes for sale are getting over asking on average.
As far as inventory in this neighborhood is concerned, the amount of Ballard, Seattle homes for sale is up 31.6% while the amount of new listings is down 9.1%. Closed sales are down 19.3% and pending sales are down 21.2%. The month supply is up 50% from this time last year at 0.5, but this is actually unchanged from the past couple months. In a nutshell, this numbers tells us who has control of the Ballard, Seattle real estate market. Anything less than 4 is a seller’s market while anything over 6 is considered balanced. Both the average and median days on market are down. The median days on market for Ballard, Seattle homes for sale is 7 while the average is 12.
If you are looking for a Ballard, Seattle Realtor or Ballard, Seattle homes for sale, feel free to give me a call. I would be happy to help! For more market reports, visit our team site at www.teamshutes.com