Sammamish, WA home prices and housing market

Sammamish home values just fell about five percent in one year, and nearly one in four sellers is cutting price. If you own a home here and you are weighing whether to sell, that shift changes how you need to play it. The typical Sammamish home is now worth about one point six million dollars, down from a year ago, and buyers know it. Yet the median asking price is still around one point seven million, which tells you plenty of sellers have not caught up with where this market actually is. There are about 248 homes for sale right now, and only 56 new listings came on this month, so every seller is competing hard for a smaller pool of buyers. Homes that do find a buyer are taking around 43 days to go under contract. But here is the number that ties it together: nearly 23 percent of active listings have already cut their price. That is the pattern when you aim high in a falling market. You sit, then you cut, and you usually end up lower than if you had priced right from the start. The move now is to price at or just under what recent sales support, not where values were a year ago. To see what your home is worth in today's market, get a free home value estimate at Home Value Pros dot com.