Real Estate Information: Real Estate Stats Year to Date

Real Estate Information: Real Estate Stats Year to Date

Here is some interesting information for those of you who are following the Real Estate Market in the Burien, WA  area.

2016 Average sales price YTD………………..$377,720

Same time last year average sales price……$312,210

Current Active Listings…………………………………..90

Same time last year active listings…………………..142

Months of inventory this year…………………………0.72

The real estate market is still facing a shortage of active listings for sale. We are in what is considered a sellers market. In a balanced market there is 5-6 months of active listings for sale. Hence we have prices paid for homes going up and a lot of frustrated buyers who can’t find a home to purchase.

 

 


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