Wednesday, May 17, 2006

Northwest Housing Market Is In Bloom

April statistics for King and Snohomish Counties reflect a real estate market that is in full bloom. The gloom and doom forecasts of last fall have been replaced with predictions of the 3rd strongest real estate market in history.

April sales prices in King County are up 18% or $39,424 over April 2005. Even though the number of sales are down from April a year ago by 15%. The average market time remains steady.

April statistics for Snohomish County show the same blossoming appreciation with sales prices up 17% or $50,037. Market times here are relatively unchanged, also, even though the number of homes that sold in April is down by 111.

These numbers reflect a leveling off in the Northwest market. Buyers and sellers are now on a more equal playing field. This level playing field requires sellers to be realistically priced and in good condition as buyers have more homes to choose from. Buyers have an eye on price and are not willing to overpay for a property like they might have been last year.

Buyers and sellers will want to be represented by the best. An agent who has their thumb on the pulse of what is happening experienced professional. Why would you settle for less? I am an Accredited Buyer Representative and a CRS, Certified Residential Specialist. These two designations are the top in our industry. So, give me a call. Let me put my experience to work for you.

Want to buy or sell a home in King or Snohomish County? Please visit my website. All the property listings are there.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home