Posts Tagged ‘real estate’

Real Estate Outlook – Seattle, WA – November 2012

Sales Continue to Climb, Up 27% Over 2011

According to statistics from the Northwest Multiple Listing Service (NWMLS), sales in October 2012 were up more than 27% from October 2011.  And, sales were up nearly 7% over September 2012.

Inventory at lowest level in years

The number of homes on the market (inventory) continued to drop in October.   Inventory was down nearly 46% from 2011, and down nearly 13% from September 2012.  With so few properties on the market, buyers continue to compete for homes and many sellers are able to choose from multiple offers.

Prices continue to climb

Home and condo prices in King and Snohomish counties continue to climb.   In King County, the average price was up 13.64% over October 2011, and in Snohomish County, prices were up 9.2% over the year before.

Prime Time To List Your Home

The Northwest Multiple Listing Service announced its 2011 year end statistics. There is good news: a positive trend has started for home sales in King County.  For two months in a row, during 2011, home sales were up.  We are starting to see a healthy marketplace emerge as the inventory level drops. Right now is the prime time to list a home before the housing inventory increases.  Take Care.

 Jeff Menday