Market Update January 23, 2023

January Real Estate Market Update for the Eastside median home sale price on the Eastside was at $1,299,000 for closed sales in December, this is down around 15% from December 2021. Inventory is currently at 2.5 months, which is down from last month and this means the Eastside is a in a balanced market. Buyer activity has significantly increased after the start of the new year. Interest rates have stabilized and have dropped down in the last few weeks.  I am closely monitoring the market to see if this trend continues. Connect with me to get the full Eastside market analysis or to discuss your unique situation.