3 Reasons There is So Little Inventory + Seattle Area Real Estate Report

Windermere Mercer Island

Three Reasons There is So Little Inventory for Sale

  1. People are staying in their homes nearly twice as long as during the previous peak market cycle. The current average home tenure is 8.2 years.
  2. Boomers aren’t selling. Most are working far longer than previous generations and want the benefits of living close to work and play.
  3. New construction isn’t meeting demand. The shortage of skilled labor, and the high cost on both land and materials puts new construction out of reach for many buyers.

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© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.