Bellevue, WA home prices and housing market

Bellevue home values have slipped about 3 percent over the past year, but sellers are still pricing like nothing has changed. If you are thinking about selling this fall, that gap is the whole story. The typical Bellevue home is now worth about one point five four million dollars. But the median list price sits around one point six nine five million, roughly one hundred sixty thousand dollars above that. Sellers are aiming high in a market that has stopped paying it. You can see the result in the pace. Homes are taking about forty-six days to sell, and there are roughly six hundred thirty-five homes on the market while only about a hundred eighty new listings came on this month. Here is the turn: only about one in six listings has cut its price so far. That means most sellers have not adjusted yet, and the homes priced at reality are the ones actually moving. The takeaway is simple. Price at what buyers are paying today and you can still sell well. Aim for last year's number and expect to sit for a month and a half, then cut. To see what your home would realistically bring right now, get a free home value estimate at Home Value Pros dot com.