Market Statistics

Market Statistics

King County Real Estate Stats

The following graphs represent the current market activity in King County for single family homes and condos (including Seattle, Bellevue, Redmond, Issaquah and Sammamish).  

For Sale, Sold, Pending and New Listings

Average Price per SQFT

The Average Price per Sqft is the average of sold price divided by square footage of sold listings.  This calculation helps establish the market price for an average home and helps determine if there is any change in property value for a specific area in a specific price range.

Average Days on Market and Sale % to Original List Price

DOM stands for days on the market, how long a property is on the market. It generally is between the day the property is listed and the day it becomes off market (for example, when it becomes pended). The Sold/List Diff. % represents the percentage difference between sold price and list price of sold properties.

Average Price for Sale and Sold

The Average Price For Sale is the average of list price of the properties for sale in a particular month while the the Average Price Sold is the average of sold price of the properties sold in a particular month. Displaying both the Average Price For Sale and Average Price Sold line charts in a graph portrays the relationship between the on and off market pricing.

Months of Inventory ​

Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales
Neutral market: 3 - 6 months of inventory based on closed sales

Absorption Rate

The Rate of Absorption measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed (sold or pended) each month. The Absorption Rate is presented as a percentage (%) of the current inventory.   For instance, if there are 1,000 active listings and 100 of them sold in a given month, the rate of absorption would be 10%. 10% of the market is being sold in that given month.   As a rule of thumb, an absorption rate of less than 16.67% indicates a strong buyer market while an absorption rate level greater than 33.33% indicates a seller's market.​

*All reports are based on data available at the end of the preceding month. This representation is based in whole or in part on data supplied by the NWMLS.  Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

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Contact Information

Photo of Cory Brandt Real Estate
Cory Brandt
RE/MAX Integrity
371 NE Gilman Blvd, Suite 160
Issaquah WA 98027
Mobile: (206)419-2679