The number of homes actively listed for sale has continued to decline while the number of pending sales has increased in almost every MLS area across the region. The result is a very intense seller’s market with the most desirable homes selling with multiple offers in an average of 6 days while overpriced, or less desirable, homes languish on the market unsold. Our region desperately needs new homes to come to market to relieve the pent up demand generated by buyers in the marketplace. What a remarkable turnaround from the strong buyers market of two years ago!
Data prepared and analyzed by Julie Barrows, owner of Windermere Real Estate/Mercer Island http://www.WindermereMercerIsland.com. For questions or comments, email Julie at email@example.com.