By Greg Perry
August continued HOT as almost every NWMLS Area remained RED SELLER'S MARKETS on the King/Snohomish Heat Map. Last year most of the areas were YELLOW on the heat map which indicated most King and Snohomish real estate markets were considered BALANCED MAKRETS.
Total listings for 2012 came in at 1,859 vs 2,777 for 2011, yet PENDING sales were up (872 vs 705). Ths means overall months of inventory dropped from 3.9 months in 2011 to only 2.1 months in 2012.
Overall the Eastside areas closed sales are up 19% for the year. Median prices were up 2% from last year ($524,805 vs $513,365).