• Lack of Inventory Still A Problem

    Posted on September 30, 2016 by in Stats, Tips for Home Buyers, Tips for Home Sellers

    While the market is showing signs of flattening across the region and nation, it is still very much a seller’s market in King County.

    Locally, we are seeing some great numbers as well. Here’s the breakdown for some of our favorite communities:

    Renton, Washington

    Average # of Homes Sold in August = 6 pending sales per day, median prices are up 11.3% from a year ago, inventory is steady from a year ago (1.4 months supply August of 2015 and 1.4 months supply August of 2016) and sales are up 9.9%

    Source: Trendgraphix

    Maple Valley, Washington

    Average # of Homes Sold in August = 2.25 pending per day, median prices are up 10.4% from a year ago, inventory is down 27.1% from a year ago (1.5 months supply August of 2015 and 1.1 months supply August of 2016) and sales are up 1.2%

    Source: Trendgraphix

    What does this mean to you?

    In a changing market, it’s critically important to base decisions on facts rather than perceptions. Make sure you are working with a broker like myself whose got a thumb on the market.  Call Jana today!! 425-891-0088 #JanaSellsHomes

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