Everett Real Estate Market Update: July 2018
Happy July!
At the beginning of the month we like to check up on how the Everett real estate market is trending. Let's kick off with last month's numbers, June 2018:
Okie doke. For comparison, let's check the month before that, May 2018:
Well, well, well. What do we have here?
From May to June, the average home price actually dropped slightly from $423k down to $417k.
Not a big drop, but certainly different than the trends we've been seeing in previous months. Which is a little refreshing (IMHO).
Days on market slowed from 11 up to 14, and less homes sold going from 266 in May down to 260 in June. So on all accounts, June was slower than the bustling jumps we observed in last month's update.
For broader perspective, let's compare June 2018 to this time last year, June 2017:
As always, here's where we see the bigger changes. From June 2017 to June 2018:
- Average prices increased from $365k up to $417k (+$52k, or 14.2%)
- Average days on market slowed from 9 days up to 14 days
- Average number of homes sold decreased slightly from 267 down to 260.
Welp, that's the latest. We'll be back next month, as always, to see if prices keep trending down or if June was just an anomoly.
LOCAL REAL ESTATE RESOURCES:
Mortgage Loans
Local mortgage pro Michelle Bruto Da Costa on the Live in Everett Podcast.
Realtor
Need to find the best local agent for you? We can help with that.
Rental
Check out our Everett Rental Guide.
*Stats provided by the Northwest Multiple Listing Service. Numbers reflect single family homes and condos.
Garret is a licensed Realtor with Lamoureux Real Estate, although he doesn't sell much anymore. He now focuses full time on running Live in Everett and telling bad Dad jokes (oxymoron intended).
