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With a rise in interest rates and fears of government revised tax laws, Western Washington markets remained competitive through the first quarter of the year. While other counties around the Puget Sound region have shown increases in inventory to about 1.4 months of housing, the region is far from the 4-month supply that most use as a measure of balance for a healthy marketplace. King and Snohomish counties still have a rate of less than a 1-month supply of inventory.
What are some brokers saying about the current market conditions? "We still have strong buyer demand in these competitive markets" or "We have not seen the typical aggressive spring market yet..." and "Market indicators are showing we are gaining a healthier balanced market" all the while acknowledging that the hyper job market in the Pacific Northwest is outpacing other metro area's across the nation.
Northwest MLS figures show area-wide median prices are up more than 13.7 percent from a year ago overall, rising from $343,000 to $390,000. February's figures have substantially increased from a year ago.
While many potential buyers continue to sit on the fence and wait to see what the markets do, there are still many opportunities for those who have positioned themselves. Having all of their ducks lined up with their financing in place and a sound plan for when the chance to buy presents itself, they can still find good deals.
Looking to buy or sell and want the process to be a little more painless? Call or email us and let us show you how we can remove a lot of this stress in these present conditions.
Start here by downloading our newest app that lets you search our MLS in "real time" and even chat with someone if you have questions! It's free from the app store.
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Stunning Sunrise home with gorgeous mountain view! Come enjoy this spectacular 3 bedroom, 2.5 bath home, complete with bonus loft area, updated kitchen, and breathtaking ...
Listing courtesy of Keller Williams Realty.
Welcome home to this beautiful craftsman rambler in the heart of downtown Puyallup! This 3 bedroom 2 bath home is move in ready and has been impeccably cared for. Feature...
Listing courtesy of John L. Scott, Inc..
This Beautifully Updated Custom Home Welcomes you w/ Gleaming Hardwood Floors, Formal Living & Dining Rooms, & a Large Family Room w/ Custom Mantle. The Spacious Granite ...
Listing courtesy of Tenhulzen Real Estate.
Amazing, affordable 4 bedroom home with a wide open floor plan and elegant high ceilings, hardwood floors, stainless appliances and fenced back yard! Located in the Puyal...
Listing courtesy of Gateway Real Estate.
Looking for a quiet oasis? Well here it is! 2.5 acres of privacy nestled back in a secluded neighborhood but minutes away from restaurants and highways. Beautiful 2 story...
Listing courtesy of Gateway Real Estate.
Meticulously Maintained home on spacious 1/3 acre lot with mature landscaping! The endless amenities include: heated pool for cooling off in the warmth of summer, new eng...
Listing courtesy of Redfin Corp..
Hurry, here is your dream home with a white picket fence! Upgraded 3 bedroom home on large corner lot plus a garage w/ work space & storage. Plenty of parking. New Cabine...
Listing courtesy of ANB Homes.
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