Uncategorized June 5, 2013

We need houses!

If you've been paying attention to the local and national real estate news, you'll know that there is a very low number of houses on the market for sale. And this is pushing prices up – yeah for sellers!

Why is now a good time to list your house?  Here's a great video from the Washington Association of Realtors: 10 Reasons to List Your Home Today. 

All areas of the eastside are defined as a sellers' market right now, with inventories ranging from 0.7 to 2.3 months of inventory (that means if no other houses were listed, then all of the currently listed houses would be sold with that time frame at the current rate of sales).  A balanced market is defined as a 3-6 month supply of homes. Obviously, we need to add a lot of inventory in order to reach that.

So if you have been thinking of listing your home, this is the best time in the last five years to do it!