December Market Update

Despite a wet & windy holiday season, buyers remained active in December.

King County’s median residential sold price rose 3% year over year to $875,000 in December  but dropped 5% from November’s $925,000. December’s median sold price for King County condos fell 2% from the previous year, declining from $537,000 to $525,000. A 31% surge in closed condo sales compared to a year earlier points to strong buyer activity.

In Seattle, single-family homes saw the median sold price rise 6% year over year to $898,900 in December. However, a 7% price drop from November suggests the typical winter slowdown.

The Eastside continues to see robust real estate prices, with December’s median residential sold price climbing 7% year over year to $1,545,000. Active residential listings rose 22% from the previous year. The Eastside continues to see robust real estate prices, with December’s median residential sold price climbing 7% year over year to $1,545,000. Active residential listings rose 22% from the previous year.

Snohomish County’s residential market saw impressive growth in December, with the median sold price rising 15% year over year to $789,950. Active home listings climbed 34% from a year earlier.