New Downward Trend in Contracts for Mercer Island Real Estate Market

Sales fell in the Mercer Island market to 32 homes sold over the last 30 days. It's also under a recent downward trend in the number of contracts closing, with this week's number falling to 40. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price climbed to $1,261,500 over the latest reporting period for Mercer Island, up from $1,172,500. Despite the falling contracts numbers, there are only two months of inventory remaining, indicating that Mercer Island is a still definite seller's market.

Curious as to which homes have been getting the most attention in Mercer Island? These listings have stirred up interest and produced the most views:

$12M   $22.6M   $2.2M  

Get started right now by checking out Mercer Island homes for sale or reviewing Mercer Island real estate trends.

Demographic facts about Mercer Island:

  • The rating for this area for population growth is 65. (Scale: 1 = Worst, 100 = Best)
  • You can expect to pay property taxes at a rate of $10.66/$1,000.
  • People in this area have a commute time breakdown of: <15 min (22.1%), 15-29 min (51.8%), 30-44 min (18.8%), 45-59 min (3.8%), >60 min (3.6%).

Data reported through 10/12/2016

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Best Choice Realty LLC
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Re/Max on the Lake
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Coldwell Banker Danforth
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