Mercer Island Real Estate Statistics for March

March Highlights: Inventory up from 174 in February to 193 in March. Pending sales volume was down in March. Months of inventory increased as a result of slowing sales activity. Average sales prices are down 51.2% from March 2008, however, the significant declines are not representative of an average loss in value, but rather are a result of more sales of less expensive homes in each market segment. – Julie Nugent