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NWMLS Market Snapshot – April 2021 Data

Looking at the data for April, we continue to see inventory still at an all time low and prices of homes increasing. The data and images you see on this blog are for all the NWMLS.

Snohomish County had an Average Sales Price of $577,655, a huge 13% increase, for all property types over April 2020. King County’s Average Sales Price was $835,779, an increase of 11.5%, for all property types over April 2020.

Closed Sales Data

Snohomish County Median Days on Market decreased from 11 in April 2020 to 6 days, down 45.5%! King County Median Days on Market decreased from 11 days to 6 days, down 45.5%, matching Snohomish County!

Inventory Data

Snohomish County inventory is at less than 1 month of supply, down 47.1% from 1.7 months of supply in April 2020. King County is at 1.4 months of supply, down 30% from 2 months in April 2020. This is a slight increase in inventory level over what we saw last month. Good news? I hope so!

Bottom Line

Nearly the half way point into 2021 and the market temperature is still a HOT seller’s market. Most all homes for sale are receiving multiple offers. If you’re interested in selling your home, this is a great time to get it sold for the best price. If you’re interested in buying and taking advantage of the low interest rates, I have successfully won on multiple offer situations with my buyer clients! Let’s talk about strategy!

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