Seattle Real Estate Market Improves
The real estate market in Seattle, Washington is showing a marked improvement over last year. In the Windermere office where I have my license the brokers are getting busy. I, too, am getting busier than I have been in a long time. For the last three weeks many of the homes in Seattle that have sold have had multiple offers.
The market has shifted from a buyers’ market to a sellers’ market. What does that mean if you are a buyer finally starting to look for your dream home? It means that when you find that home with a good price, there are other buyers who also recognize it as a good deal. One of my clients made an offer on a home— and eight other buyers made an offer on the same home! My client did not get the home he wanted because someone else’s offer was better. With multiple offers, this is good news for sellers.
For more information on the real estate market in Seattle, here is a link to an article on the front page of the Seattle Times for May 4, 2012, Seattle Home Prices Rise.