November surprised the real estate market with a strong favor for home sellers. The Northwest Multiple Listing Service (NWMLS) released data on the month of November which showed a 7% year-over-year increase in pending sales. This increase across King, Pierce, and Snohomish County jumps to 9.2% when considering mutually accepted offers.
Read MoreAs real estate’s hottest season is coming to a close, sellers can take advantage of the last push through busy season by making their homes stand out amongst the crowd. Competition may be up but these tips will make sure you can catch the eye of potential buyers before fall arrives.
Read MoreAs of May 2019, the housing inventory in the Seattle market was just shy of two months. Fewer choices means it will become more difficult finding that perfect home that fits your needs. When you account for older homes on the market that may need updates, eccentric houses that were designed for a specific style, price points, and other factors, this leaves a small pool of homes to adapt to your lifestyle. It’s in these markets that new construction homes become even more of an enticing option for buyers.
Read MoreAccording the NWMLS, King County had more than a month’s supply of homes in May 2018. That’s the first time that this has happened since September 2017! Overall, there was 1.44 months of supply available in May, but a healthy market has four months or more of housing supply.
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