Everett Real Estate Market Update: October 2018

Happy Fall!

The leaves are changing and pumpkin spice is in the air, which means it’s time for a new Everett market update. Each month we like to take a look at how the Everett market is trending*, brought to you by our friends at Lamoureux Real Estate.

Let's get to it and start with last months numbers, September 2018:

For some context, let’s take a look at the previous month’s numbers, August 2018:

Once again, the Everett market has continued to slow. Not by a ton, though. The number of homes sold only dropped by 14, and average days on market only increased from an average of 19 days up to 21. The average sales price went from $408k in August down to $401k in September. If this trend continues, we’ll surely see average prices dipping back below $400k soon.

Things are certainly cooling down in Seattle as well.

For an even broader perspective, let’s take a look at this time last year, September 2017:

Compared to this time last year, the market is still up quite a bit with nearly an average price increase of $30,000/home. With the way indicators are pointing, though, and increasing interest rates, all signs point toward a continued cooling market.

SOME EVERETT REAL ESTATE RESOURCES:

Mortgage Loans
Our preferred lender, Michelle Bruto Da Costa.

Realtor
Reach out to our friends at Lamoureux Real Estate.

Rental
Check out our Everett Rental Guide.

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