MARKET STATISTICS
The following graphs contain data I like to consider when helping my clients either write a competitive offer that is likely to be accepted, or to help sellers decide how to price their home and sometimes, when to list their home based on current market conditions and personal needs. If you have questions about your own real estate journey, please don't hesitate to contact me.
Total Home Sales by Month
This graph shows the number of single family homes in King County listed for sale, the number of homes sold (closed) and the number of homes that are pending close by month. Tracking these trends helps paint a clear picture of the local housing market — whether inventory is growing, buyer demand is increasing, or competition is tightening. Understanding how listings and sales move over time can help both buyers and sellers make smarter decisions about timing, pricing, and strategy in today’s market.
Average Days on Market vs. Sold Price
This chart highlights the Cumulative Days on Market (CDOM) for single-family homes in King County, shown month by month. CDOM measures how long homes take to sell, offering insight into the pace and competitiveness of the market. When days on market decrease, it often signals strong buyer demand and quicker sales — while an increase can indicate shifting market conditions. Tracking this data helps buyers understand how fast they need to act and helps sellers set realistic expectations for timing and pricing.
The red line shows the purchase price compared to the original sales price as a percentage. This metric can inform sellers on how the market is pricing homes. A 100 indicates that the purchase price and original sales price were the same.
Months of Inventory
This chart displays the Months of Inventory for single-family homes in King County, showing how long it would take to sell all current listings at the current sales pace if no new homes were added. It’s a key measure of market balance — typically, fewer than 3 months of inventory signals a seller’s market, while more than 6 months suggests a buyer’s market. Tracking this helps both buyers and sellers understand how competitive the market is and what to expect when making or reviewing offers.
Absorption Rate
The absorption rate graph illustrates how quickly homes are selling in this specific zip code based on closed sales over a given time period. Absorption rate measures the pace of the market by showing how many homes are sold each month relative to the number of homes available. A higher absorption rate indicates strong buyer demand and a faster-moving market, while a lower rate suggests slower sales and potentially more negotiating power for buyers. Because this data is based on closed transactions, it reflects confirmed activity — giving a clear picture of real market momentum and helping both buyers and sellers understand current supply and demand conditions.
If you have any questions about interpreting this data or what it means for your home buying or selling process, please let me know!
