Everett Real Estate Market Update: October 2017

Hello! Each month we like to take a look at the Everett real estate market. You know, a simple glance to see how things are trending. Here's how things looked last month, September 2017:

For comparison, lets glance at the month before that, August 2017:

From August to September the average sales price didn't change much. Nor did the average days on market. The number of homes sold went from 282 in August down to 247 in September; which is pretty normal to see activity slowing down a bit as we transition into Fall.

For a broader comparison, let's look at last years numbers, September 2016:

As usual, here's where we see the bigger changes. From September 2016 to September 2017, the average sales price went up about $50k ($319k up to $372k, hello!). Days on market shrunk from 23 down to 18 (which is about a 22% increase for how quickly homes have been selling).

The number of homes sold from September 2016 to September 2017 went from 189 in 2016 up to 247 in 2017. That's about a 30% increase in the number of homes sold. Those are some serious changes over 1 year showing what an increasingly active market we've been in. Homes have been selling a lot faster and for a considerable amount of more money over the last year... and well, since 2012, really.

As much as prices have been increasing in Everett, we're thankful to still be half the price of our neighbors in Seattle.

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