Everett Real Estate Market Update: November 2019
Happy November!
We hope you’re enjoying this beautiful time of year.
Every month we like to take a look at how the Everett real estate market is trending.* Let’s jump in and check out last month’s numbers for October 2019:
For a point of reference, let’s compare that to the previous month, September 2019:
Comparing month over month, the market has softened a bit once again. From September 2019 to October 2019:
The number of homes sold decreased from 200 homes down to 168 homes sold.
The average number of days on market decreased ever-so-slightly from 29 days down to 28 days.
Average prices dropped just slightly, from $425k down to $417k.
For broader perspective, let’s compare to this time last year, October 2018:
Comparing year over year, October 2018 to October 2019:
The number of homes sold has decreased slightly from 175 down to 168.
The average days on market has gone from 26 up to 28.
Average prices increased, going from $402k up to $417k (about a 3.7% increase).
All in all, these latest trends seem to be on par with recent months. The Everett market continues to soften as we head further into the fall. The market is still stronger than it was this time last year, though. Month over month prices increased an average of nearly 4% over the year.
If you’re thinking about making a move, don’t let the upcoming holidays prevent you from selling or buying a home. There’s always someone who needs to sell or buy, and some clients often times appreciate not having to deal with as much competition in the “slow season.”
Feel free to contact us anytime, or stop by our office at 1904 Wetmore Ave., Everett, WA 98201. We’d be happy to help you navigate the Everett-area market, it’s what we’ve done for over 30 years!
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*Stats provided by the Northwest Multiple Listing Service. Numbers reflect single-family homes and condos.
