The market has changed in Seattle. We're not number one any more and for most of us, that's just fine. The slowdown brings us back to conditions that are closer to a balanced market although we're not there yet. A normal balanced market includes 6 months inventory and currently we have 2 1/2 months. That's far better the what we've had for several years. The median sales price is up but NWMLS is showing that we have 23% more listings than this time last year. This trend is predicted to continue. I'll keep an eye on things and keep you updated. Stay tuned.
Posts
No comments:
Post a Comment