Mike Grady summarized our climate in the Northwest perfectly in yesterdays press release, which summarized the year-end climate and a bit of forecasting for 2017:
Grady believes the pattern of low inventory and increasing prices will continue. “We believe it is a
predictor for what to expect throughout 2017,” he commented. “There’s simply not enough new construction to fill the needs of new employees being hired both locally and new to the state. The key is employment,” Grady continued, saying “There’s no reason to think that a new administration will cause employment to slow down; rather, it’s more likely we’ll see it increase in the Puget Sound region so we’re off to another strong start in 2017,” he stated.
Read the full press release here: http://andreehurley.com/blog/northwest-multiple-listing-service-monthly-press-release/