Well gang, the market is H-O-T, hot! We are getting offers submitted at a fever pitch right now. Sales are up all over King and Snohomish Counties and it is getting national media attention. MSN reported recently that Seattle, Bellevue, and Everett are in the top 10 markets for inventory shortage. Our local market is down 36% in inventory from less than a year ago. Less homes on the market mean more competition and quicker sales than we’ve seen in a long time. You don’t have to take my word for it. See for yourself in this article:
We have seen in influx of relocation buyers hired on at Boeing and Microsoft and they all are interested in a new home. This strong demand has made it important for buyers not to sit on the fence very long. If you wait, you may very well miss out on your first choice. Last week at Larimer Highlands we signed four sales and we have already signed three this week and it is not even the weekend yet! Our sales team has been doubling up on weekends to meet the high demand and sheer number of visitors that come through to see our homes.
Not only are we seeing a large increase in the number of offers, we are now, once again seeing multiple offers on many homes. The competition is fierce for quality homes in desirable communities. With prices at their lowest level since mid 2004, affordable interest rates, and some seller’s still willing to negotiate closing costs for buyers, the market has come back at a very fast pace in our area.
Indicators point to the return of a seller’s market in the very near future. There are still great values to be had, but doesn’t sound like for long. Don’t wait and miss your opportunity to make the purchase of a lifetime. Read for yourself here:
It’s true what the experts have been saying these last few months. There’s never been a better time to buy a new home in greater Seattle!