What’s Happening in Fall City Real Estate

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As you can see from the graph* the inventory in Fall City has been on the increase with the number of Pending Sales each month holding steady. In August the number of active resale listings went down to 71, with 12 pending sales and 8 closings.  It is interesting that both the pending and closed sales were up from July.  That gives us 8.9 months of inventory based on the closed sales, and 5.9 months based on the pending sales.  In comparison last August there were 65 active listings, 12 closed sales and 2 pending .  So it looks like we have more for the buyers to choose from, and the buyers are still very active in the market.  It will be interesting to see what happens with the September numbers, as September is usually a pretty strong month for sales.

* The graph includes resales single family homes that are in the Fall City, 98024 zip code in all price ranges.

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