Pending sales were up in more than half of the region’s neighborhoods. Diminished inventory of available homes for sale continues to be a huge obstacle for home buyers. With local employers such as Amazon adding more than 110,000 workers, regionally and across the globe, and a shortage of buildable land, it’s no wonder housing supply is so tight.
Opportunity exists for buyers who get to the game early. We are seeing some properties go under contract with few or no competing offers.
This week marked slower sales activity in many areas as many new listings trickle onto the market. Perhaps buyers are playing the wait and see game? With prices expected to rise further this spring, buyers may not want to sit on the sidelines too long.
Fewer new listings this week. Solid sales activity decreases the supply of available homes in most areas. Even the $2 million+ market looks favorable to seller this week.
Click to view annual market reports for Mercer Island, Seattle and The Eastside. Published January 2017 WATERFRONT ANNUAL REPORT: Click … Continue Reading 2016 Real Estate Report for Seattle, Mercer Island and the Eastside
2016 WATERFRONT YEAR IN REVIEW Seattle-Eastside waterfront velocity slowed slightly in 2016—likely an extension of the oversupply of inventory that … Continue Reading 2016 Greater Seattle-Eastside Annual Waterfront Report
Click to view the year end condo report for Mercer Island, Seattle and the Greater Eastside. Published January 2017 This … Continue Reading 2016 Annual Seattle Area Condo Report
A lot of new listings this week with pending sales nipping on their heels. Much to the dismay of many potential home buyers, this looks to be an early start to strong seller’s market in 2017.
A frozen start to our new year didn’t seem to dampen home sales.