Burien Real Estate Market Extends Downward Trend in Contracts

Sales fell to 36 homes sold in the Burien market over the last 30 days. Furthermore, an established downturn in the number of pending transactions continued, with 45 completed in the same period. While contracts numbers fell, prices dropped as well. This week's reported median sales price of $356,174 continued a four-week downward trend. In spite of contracts trending lower and falling prices, a low two months of inventory signals that Burien is still a definite seller's market.

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Demographic facts for Burien:

  • The average age is 38 years old for the population in this area.
  • The area's health cost index score is 117.8. (100 = national average)
  • People in this area have a commute time breakdown of: <15 min (25.8%), 15-29 min (38.9%), 30-44 min (21.8%), 45-59 min (6.8%), >60 min (6.7%).

Data reported through 10/12/2016

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Best Choice Realty LLC
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Century 21 North Homes
Snapped 2 homes in this area
Coldwell Banker Danforth
Snapped 6 homes in this area

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