March Market Stats for 4 County Area

The folks with Bill Hurme's team at TeambuilderKW.com compile and track sales numbers from our local MLS and have a concise chart showing the sale stats for the past 15 years. Always nice to see sales trends and relative comparisons. Thought I'd share this with you. It does combine single family and condos but again it's the trends and relative comparison that yield better perspective vs. any given individual number. You'll see we're well ahead of the last few years activity so far this year and have to go back to 2005 to find stronger months than this years' March figure. Pretty amazing when viewed from the perspective of a very tight inventory market. The sales figures would have been higher if we had more good homes to sell. 

 

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Sarah ‘Krebsy’ Adams Looks at the Numbers

My goodness! March was the second best March since the year 2000, only bested by the incredible year of 2005. The news release from the NWMLS stated that “Buyer anxiety is rising as the pace of home sales is faster than brokers are able to replenish inventory….” The big boom, of course, is King and Snohomish counties. “Listings are selling as soon as they come on the market for sale,” said J. Lennox Scott. John Deely of Coldwell Banker Bain said that buyers are flooding into the Greater Seattle market due to abundant job opportunities. Measured by months of supply, King County is at 1.3 months and Snohomish at just under 1.7 months, both well below equilibrium.

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Posted on April 8, 2015 at 1:02 am
Paul Isenburg | Category: In The News | Tagged , ,

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