Analysis of local MLS data indicates the supply of single family homes for sale in King County just hit a post-recession low. The data just keeps telling the same story – low inventory and increasing prices. If you are a Seller NOW literally is the time! Record low inventory, buyers scared of increasing rates and prices have created a feeding frenzy that allows even homes that may have been considered "Hard to sell" in the past move like hotcakes.
Selling a home is a seller's market is far different from selling a home in a buyer's market. If you are wondering about our current market, then let me assure you: It is indeed a fabulous time to sell! Not only will your days on market be remarkably fewer in a sellers’ market, but you might receive
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KIRKLAND, Washington (Jan. 5, 2017) – Like many other months of 2016, December was frustrating for buyers across Washington state as they encountered depleted inventory and rising prices. Post-election hikes in interest rates – with more on the horizon -- added to would-be homeowners’ worries.
Northwest Multiple Listing Service statistics for December show year-over-year drops in new listings, but gains in pending sales, closed sales and prices. Pending sales (mutually accepted offers) in the four county Puget Sound region reached their highest level since 2005.
Listing inventory is at an all time low area wide, leaving many agents on the sideline or dealing with frustrated buyers tired of the bidding wars. Yet at The Cascade Team we are setting records for inventory and Buy-Side transactions! Our proven system helps you attract and WIN listings.... Then our proprietary "PRIME" Marketing program not only syndicates those listings out... But pull BUYERS back in for you!.... In 2016 The Cascade Team represented 31% Listings and 69% Buyers!
As you can see below: Listing were down area wide, yet The Cascade Team pulled in more listings than ever AND we then turned around and represented even more Buyers than listings!
So... Where do you want to be? Busy with listings and buyers or wondering…