King County Real Estate Trends Spring 2014

Filed in How's the Market by on April 30, 2014 0 Comments

Housing inventory in Seattle and on the Eastside is still very low and buyer demand is high, leading to frequent multiple offers and price escalations for homes that have been appropriately marketed.  The following charts show the most recent market trends for single family homes in King County for March 2014.

listings-April2014
The increase in the rate of pending sales is keeping pace with the addition of new listings.

 

median-April2014
Median home price declined over the winter and is now trending back up.

moi-April
At the current rate that single family homes are going pending, if no new homes were listed we would run out of housing inventory in 1.4 months.

If you’ve been wondering if it’s a good time to list a home, the answer is ‘Yes’. Low interest rates and low inventory in both the condo and single family home markets are making it a very favorable market for sellers.  To find out what your home would sell for call or email us.

Call, Text, or Email Us for Help with Seattle Area Real Estate

Mike and Irene NashIrene Nash, CRS, ABR, Windermere Real Estate
Mobile: 206-335-3335

Mike Nash, Broker, Windermere Real Estate
Mobile: 206-799-8687

Click here to use our Email Contact Form.

About the Author ()

Irene Nash has been representing Seattle and Eastside home sellers and buyers in real estate since 1999. She and her husband Mike specialize in straightforward communication and providing top-notch staging and photography for every home listing.

Leave a Reply

Your email address will not be published. Required fields are marked *