May Sales Report

Hot. Sizzling. Stupendous. Pick your adjective to describe the month of May (as well as months before). In Seattle and King County, like many parts of the country now, it is a sellers’ market, with limited inventory and endless numbers of buyers driving prices up.

For example – average sales price in Seattle for May 2013 was $555,000, up nearly 8% from April and 21% from May 2012.

The best news from May, for both buyers and sellers, is that inventory is slowing creeping up. However, inventory continues to hover at just over a one month supply of homes. We’d like to see closer to five to six months for a more stable market.

Check out my May Seattle report here. Let me know if you’d like me to run a report for your neighborhood or city.