The average home listing price for new construction has increased by 5.08% compared to December 2013.
The average days on the market has decreased .93% for existing homes.
Year to date (2014), average home prices are up 1.8% for existing homes and up 9.92% for new construction.
There was a leap in the median list price of new homes year to date (11.83%) compared to last year. This is a number we continue to see steadily rising, making King County real estate extremely expensive but also highly coveted! Also noteworthy is that the amount of new home listings compared to last December is up a whopping 31.95%. New houses have been popping up to meet the county’s outstanding demand for homeownership. Seattle’s real estate market is nearly as hot as the Seahawks!