The graph below shows the current single family Residential home data for the number of homes for Sales, Sold Homes, properties that have gone Pending (under contract) and New Listings in Mercer Island.
The graph below shows the median price of Residential homes in Mercer Island that have Sold.
The graph below shows the Months of Inventory for single family Residential homes in Mercer Island. This number represents how many months it would take to have all the standing inventory of homes sell. A number that reflects a Sellers market is 3 months or less. A balanced market for Buyers and Sellers is between 3 and 6 months. Inventory of 6 months or more represents a Buyers market.
The chart below takes a look at what percent of the market is being Absorbed in Mercer Island for residential homes that have sold.
This last chart looks at two important data points for Residential homes. It shows how many average cumulative days it took to get homes under contract (CDOM) and the average percent homes sold for compared the original listed price (SP/Orig LP%).