King County Pending Sale Count Approaches 600 for week.

Yet again, sales of King County Single Family Homes continue to reamin strong.  For the 7 days ending on May 20th, King County had 590 Pending sales, which is the best this year.  Last week there were 561 pending sales. 

The Eastside Pending sale count came in at 166 for the period vs. 170 last week.  The price point under $500,000 had 38% of the total count.  Last week this range had 45%.  During the period, 21 homes over $1 million dollars went pending, vs. 26 last week.

Metro Seattle had a strong week with 220 pending sales.  The week prior there were 206.  75% of these pendings were under $500,000.  The Metro Seattle area came in with 2.8 Months of Supply, which for the week makes the area a Seller's advantaged market.

Here is a chart with complete details.  Click to expand:

For the 7 day period ending on 5/20
 

Definitions:
Eastside: NWMLS AREAS 500,510,520,530,540,550,560,600
Seattle Metro: NWMLS AREAS 140,380,385,390,700,705,710,715,720

Pending: All pendings statuses with a pending date during the stated period.

Comments

[Emil]

Greg, you do the best job on real estate statistics of anyone. Very easy to understand!