Category: Mukilteo Washington Condos

Mukilteo Condos Currently a Sellers Market

By , August 29, 2014

Mukilteo Condos Currently a Sellers Market

 

One gauge that we use is called “Months of Inventory” which is a term we use that captures the absorption  rate in the market. That is,  what is the amount of time it would take to sell all current listings at the current sales pace if no new listings became available?

 
In January 2014 Mukilteo Condo inventory was 11 months which was to the advantage of buyers. In March 2014 it decreased to two months of inventory which was in the favor of sellers.

 

 

Mukilteo Condos

Mukilteo Condos

 

In April 2014 and May 2014 it held steady at nine months of inventory which was to the advantage of buyers.  Starting in June 2014 it decreased to four months which swung to the advantage of sellers.

 

Mukilteo Condos

Mukilteo Condos

 

 

This seems to be a pattern for Mukilteo Washington condos so while the market currently favors sellers this can change at any time.

 

Whether buying OR selling a condo in Mukilteo, Washington call us TODAY for a FREE market analysis at (425) 290-3114.

 

 * Source: Northwest Multiple Listing Service (NWMLS.) The NWMLS did not compile or publish this information. Information is believed to be accurate but should not be relied upon without verification.

 

Mukilteo Condos For Sale versus Sold Year to Date Up in Last 12 Months

By , August 29, 2014

Mukilteo Condos For Sale versus Sold Year to Date Up in Last 12 Months

 

Mukilteo Condo Active Listings climbed 100% from August 2013 to July 2014 while Mukilteo Condo sales have climbed 250% from August 2013 to July 2014. This shows a significant increase in buyer and seller activity:

Mukilteo Washington Condos

Mukilteo Washington Condos

 

Mukilteo Washington Condos

Mukilteo Washington Condos

 

Median prices for Mukilteo condos continue to rise. The median for a Mukilteo condo rose from $167,500 in August 2013 to $176,000  in July 2014 which is a 5% increase:

Mukilteo Washington Condos

Mukilteo Washington Condos

Keep in mind that the median is the “middle number” in a group of numbers but this gives you an idea how brisk sales and price are in Mukilteo.

 

If you are thinking  about buying or selling a condo in Mukilteo Washington call us TODAY at (425) 290-3114 for a FREE market analysis.

 

 Or fill out the form below and we will respond to your inquiry via email:

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* Source: Northwest Multiple Listing Service (NWMLS.) The NWMLS did not compile or publish this information. Information is believed to be accurate but should not be relied upon without verification.