From Sunset Hill, to Crown Hill, Blue Ridge to Whittier Heights, Ballard residents want to know what the housing market is doing.  So here you go.  The following data is taken from the NW Multiple Listing Service. 

Overall the story for Ballard is not bad.  Housing prices have yet to make a comeback, but activity is strong and considerably better then Seattle and King County as a whole.

Ballard Days On Market   - Days on Market (DOM) is a measure of how long on average it is taking for Ballard homeowners to get a potential buyer to make an offer. 

Ballard Now - 35

Ballard 1 Year Ago - 91

Seattle Now - 79

King County Now - 98

The most recent number for Ballard of is considerably better then that for Seattle as a whole and better still then King County.  Also compared to last year Ballard is much improved

Median Price  - This price is the best suggestion of overall price appreciation or depreciation. 

Ballard Now - $380K

Ballard 1 Year Ago - $379

Seattle Now - $350

King County Now - $332

These numbers should not come as a surprise.  Ballard has always out priced Seattle and King County as a whole.  What is encouraging is that while Seattle and King county have depreciated roughly 10% each over the past year, Ballard has remained stable.  Still not great news for Ballard Home owners who would like to see appreciation, but much better then loosing value.

So overall a brighter picture for Ballard home owners.  Values are not yet going up, but much more stable then the surrounding area.  Also, homes are selling much faster.  Hopefully the trend continues and next year we can start talking about price appreciation. 

For more information about Ballard click below where you can find:

Ballard Open Houses

Ballard Foreclosed Homes