Welcome to the first edition of my monthly market breakdown for King and Snohomish Counties. Each month I recap specific data on aspects such as median sales price, price per square foot, and number of new listings for the previous month.
The median sales price in both King and Snohomish counties for May are keeping pace with one another based on percentage of increase over 2017 as a whole.
A notable stat is the price per square foot for condos in King County which currently sit at $489 per square foot for 2018, up from $423 per square foot in 2017. This number includes any unit sold classified as a condo in the core of Seattle, but also outlying areas like Kent, Auburn, Renton, and Bellevue.
Although the current market is experiencing an influx of new listings, the total for the year at the 5 month mark is still well under half of the total number of listings in 2017 for both counties. In fact, new listings in King county are approximately a third of where 2017 left off.
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