It Still Is A Buyers Market But The Statistics Aren’t As Bad As I Expected

Posted by Larry Cragun

In looking at the current mls statistics for Issaquah home sales I still see a buyers market. This chart shows the entire MLS, which doesn’t give an accurate picture of individual markets such as Issaquah or even community stats such as Issaquah Highlands. It is still interesting.

An indicator of what is going on are those homes in pending status. These reflect offers accepted and awaiting the results of inspections, subject to financing, or pending final closing.

There are 53 homes and 15 condominiums that went into that status since the 1st of November. October had 63 homes and 59 condomiums enter that status for the entire month.

What is a positive sign for the market is illustrated in the graph below: That is that instead of the largest number of sales moving at the fastest time period being in the very lowest prices, that has moved up to the $500,000 to $600,000 price range.

This entry was posted on Friday, November 27th, 2009 at 12:09 pm and is filed under Real Estate Information and Statistics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

Get Adobe Flash playerPlugin by wpburn.com wordpress themes