Everett Real Estate Market Update: September 2017

Happy September, friends.

Every month we like to take a look at the Everett real estate market*. Let's take a glance at last months numbers, August 2017:

Alright. Now for comparison sake, lets look at the month before that, July 2017:

It appears average prices had a small dip from July to August. Number of days on market stayed almost the exact same, but interestingly, despite the slightly lower average price, 37 more homes sold in August, or about 15% more "units" than the prior month.

For a broader comparison, let's take a look at last year, August 2016:

As always, here's where we see the bigger differences. Average prices year over year went up $38,000 or, about 11%. Also, 58 more homes sold this August compared to August last year, which is an increase of over 25%.

All in all, despite a slight price dip in August, things definitely seem to be continuing to trend upward. With Seattles rapid job growth in the tech sector, continued growth for the greater Seattle area seems inevitable. Some economists are even predicting Seattle's housing market will eventually out pace San Francisco, which currently has a median home price of over 1.1 million.

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*Stats provided by the Northwest Multiple Listing Service. Numbers reflect single family homes and condos.