Everett Real Estate Market Update: November 2017

Happy November, friends.

Every month we like to take a simple glance at how things are trending in the Everett real estate market*. Let's take a look at last months numbers, October 2017:

For comparison, let's look at the prior months numbers, September 2017:

The average home price ticked down slightly in October and the average days on market went up from 18 in September up to 24 in October. Both natural signs of a slightly slowing market as we typically see during the Fall months.

Ironically, exactly 247 homes were sold in both September and October. Let's get a wider view and take a look at last years numbers, October 2016:

The average sales price in October 2016 was only $316k. This year, though, it has increased to $365k. That's an increase of $49,000 or 13.4%. Heyo!

The average days on market from October last year to this year? Both months averaged exactly 24 days on market. There's some consistency for ya. The number of homes sold last October was 193 whereas this year it was 247. An increase of 53 units or 23.5%.

Overall, things slowed this month but have picked up a ton since last year. All signs seem to be pointing toward a continued upward trend in the Everett real estate market.

Need a refresher on how the home buying and selling process works?
(Click to enlarge)

If you have a question about Everett real estate, feel free to contact us anytime. We offer real estate services, info on Everett neighborhoods, and a free weekly newsletter all about the good things happening in Everett.

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