Snohomish County Statistics as of December 2019
I took this quote from the Northwest Multiple Listing service and while it was not by a RE/MAX Chairman, 😉a great comment that I agree with and how I see us going into 2020.
“Historically low interest rates and strong job growth continue to drive the Puget Sound housing market, which is already sizzling as we begin the new decade. In the more affordable and mid-price ranges, many areas are seeing frenzied sales activity with multiple offers on most properties.”-J. Lennox Scott, chairman and CEO of John L. Scott Real Estate.
Inventory Of Homes
December 2019 vs. December 2018 we are +21%. 831 available homes came on the market but this number is down from November by 341 units.
December 2019 vs. December 2018 +18%. 1269 units went pending. -343 vs. November
+20%! December 2019 vs. 2018. 1482 homes sold! That is up 139 from November.
Everyone wanted to be in their home for the holidays!
Days on Market
Snohomish County Active to pending 46 days vs. 41 a year ago.
Median home price in Snohomish County- $505,000 +7% last year.
Area Median home price and % based on last year (includes new construction)
Edmonds/Lynnwood $520,000 +5%.
Everett/Mukilteo $478,000 +14%.
Snohomish/Monroe $510,000 + 22%—– WOW!!
Lake Stevens/Granite Falls $459,000 +10%
Marysville $424,600 +11%
King County Median home prices are $687,000 +2% over last year. With an average day on market of 76 days. King County does have a slower percentage growth over last year and days on market is up however bouncing around monthly depending on inventory will keep us hopping into 2020.
Woodinville area Median price is $834,000 -11% last year. Days on market 36 compared to 25 a year ago.
2019 Statistical Review and Highlights
Highlights include: Closed sales: Northwest MLS brokers reported 92,503 closed sales valued at more than $49 billion.
Median price: In 2019, the median price for closed sales of SFH and condos system-wide was $425,000.
New listings: MLS members added 110,940 new listings during the year, a drop of 5.3% (-6,237) compared to 2018.
Months of supply: Inventory was well below a “balanced market” level all year, with overall supply under 1.8 months at year-end.
Please note these stats are updated and past statistics are replaced with current ones. If you wish to learn about past stats or have questions feel free to reach out to us anytime we would be happy to chat with you!
Jen Murrweiss- Snohomish County Homes Team 425-422-7243