May 2022 Market Update for Seattle's Eastside

Here's some key stats and thoughts related to current market conditions:
While it remains a seller's market, we are experiencing signs in favor of buyers.

Some key indicators include:

• The median Eastside sold price has flattened month to month at $1.7M
  

• 80% of homes are selling above list price vs the all-time high of 87% in February
  

• The median sold % above list price is +16% vs the all-time high of 23%
  

• Months of inventory available is now .7 vs. the low of .3

  
  While the market is showing signs of cooling, it's still very clearly a great time to be a seller.
  How high is high, give us a call so we can perform a comparative market analysis for you and discuss how to achieve top dollar for your home when the time is right for you.
  And as we continue to demonstrate, we can help you win as a buyer, even in this seller's market!

Cheers!

Matt & Christina

Matt & Christina are Team Skally, top real estate agents in the Seattle Metro with expertise in luxury homes on the Eastside including Bellevue, Newcastle, Mercer Island, Renton and Issaquah. Their client testimonials say it all - they deliver exceptional service and record-breaking results. Recognized as top agents on social media by Property Sparks, Diamond Award finalists for best client service and regularly featured in online and print publications including Newcastle Life Magazine. In addition to serving clients, Matt and Christina love family time with their two boys and Leo, the Goldendoodle, as well as volunteering in the community.