Uncategorized October 11, 2012

Now is the time to sell or purchase!


Buyers closed on nearly 1800 houses in King County last month, 13% more than September 2011.  The median price of single family homes sold has been in the $375,000 to $380,000 range since June Distressed home listings (short sales & bank owned) are down 60% from last year.  The real estate tide has changed and the feeling of confidence has returned to Seattle!
There are more buyers than sellers currently in the market and inventory hasn’t been this scarce since at least 2000.  Buyers are looking again, lured back to the market by record-low morgtage interest rates, rising rents and home prices that appear to have stabilized.   Thinking of selling or buying?  Now is the time!