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Home / Et cetera / Record Low in Number of Homes For Sale

Record Low in Number of Homes For Sale

By March 10, 2016

Et cetera

Wondering why you can’t find your dream home this winter? The problem is a record low in the number of homes for sale. The Seattle Times recently dug into this, Scarce listings drive King County home prices to new highs:

The median price of single-family homes sold in King County hit a new all-time high last month — $514,975 — amid record-low inventory, heralding even more intense bidding wars ahead in the typically busy spring home-buying season.

Think prices were high in 2007? Check out this chart:

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Buyers, hopefully relief is in sight. Typically we see a lot of new listings in April, May and June.

Home owners, if you’ve been thinking of selling, now is a great time.

I own and manage Urban Living, a boutique Seattle and Bellevue real estate brokerage. I love lofts, floating homes, new construction, and mid-century moderns, but I will help you buy or sell just about anything!

Get in touch to:

  • Understand the market
  • Find your perfect home
  • Sell your home

Contact:

206-203-6242

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