Summer Market Trends Around the Sound
Presenting a look at the housing market trends for the second quarter of 2019, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
Seattle | Single-Family Homes
With 1.8 months of inventory in the second quarter of 2019, Seattle was once again a seller’s market. Homes sold with more speed than in Q1-2019, selling in an average of just 25 days.
Eastside | Single-Family Homes
Median home prices on the Eastside remained relatively steady in Q2-2019 at $899,000. Buyers benefited from more options than in recent years, with a 30 percent surge in inventory.
Bainbridge Island | Single-Family Homes
Home values saw year-over-year double-digit growth in the second quarter of the year, increasing from $865,000 in Q2-2018 to $979,000 in Q2-2019, a 13.2% gain.
Seattle | Condominiums
Higher levels of condominium inventory continued in the Seattle condominium market but didn’t impact market times, which fell to 36 days, down from over 2 months in Q1-2019.