Inventory is way down from our peak levels!
In 2008 there were nearly 16,000 homes for sale in King County, now we have less than half that!
Inventory is absorbing at levels we have not seen since the market correction began! Absorption levels in mid-30’s would typically mean the median price is on the rise.
So what does this mean to you and your referrals?
Sellers: If you have been waiting to sell until the market changes… well the market has changed! We have unseasonably low inventory… which should make the sale of your home right now an easier and more profitable event then in recent years.
Buyers: If you have been waiting until the bottom to buy a new home… don’t wait any longer! We won’t officially know the bottom until it is long gone! However, given the information at hand, the peak inventory and resulting downward pressure has left the market. Interest rates remain tremendously low and real estate is still on SALE. Don’t let this opportunity to buy when the market is at its lowest pass you by!
Call me today to discuss taking advantage of the current market.
Tony Meier @ 425-466-1000
Tony Meier
English Hill’s Top Selling Broker Since 2007
Making Real Estate Easy, Fun & Profitable!
Serving Buyers, Sellers & Their Referrals Since 1989
Windermere Real Estate/NE
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