Mortgage Monday: Real Estate Market Update

Real Estate Market Update

Finally, some good news for the real estate market in the greater Seattle, Washington area. Going into the new year buyer demand remains high, and interest rates are still at a 40-year low. This high demand, coupled with a low inventory of for-sale homes, is resulting in multiple offers on homes that are priced right.

Sellers who were on the verge of a short sale may find that they are in a better position in the market due to a well deserved price stabilization and a need for fresh inventory.

Real estate is a market that changes quickly, so time is of the essence. The unique conditions that currently exist for sellers and buyers will not last forever. Now is the time to list that home you were thinking about selling. You wanted to wait until the market improved—the market has improved. Contact me to see what the outlook is for selling your home.

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