Escrow Thursday: Escrow Offices Were Busy in November

Escrow Offices Were Busy in November

November’s real estate reports are out and the news is very good. Closed sales in November were up 19 percent over last year in the Seattle area. This is good news for the real estate market. Prices were also on the rise in November. In Seattle, the median price was $425,000 this year, an increase of 15 percent over last year’s median price of $360,000.

The bad news is there were 14 percent fewer homes for sale this year than last year. With low inventory and lots of buyers, the real estate price wars are back. This is usually a slow time in the real estate market because of the holidays. This year, activity has yet to slow down.

If you have been thinking of listing your home for sale, now would be a great time to list. Contact me and let me show you how much you could expect from the sale of your home.

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