Supply and demand seem to be at work! The Seattle Times highlights January’s real estate market and low inventory.
The chat around my office in the AGC Building on Lake Union is “I am helping a lot of buyers but there is nothing to show them”. Pent-up demand is high and while many sellers want to show their home during the spring when the flowers are blooming, buyers are looking now.
Our Monday morning sales meeting revealed that an average home on a corner in the Queen Anne neighborhood had over thirty offers and possibly escalated from 550k to over 650k. Granted it might be a tear down but it does show the seriousness of the market.