Inventory is GROWING!by Noah Pratt on April 5, 2021
The real estate market in King county is still very competitive. We are still seeing sales prices go way over the listing price, and listings having a large number of offers on them. Our market still favors sellers and is very challenging for buyers, but today I have some good news! If you have been following my updates you know that we have had a huge inventory issue in our market, and since there have been less opportunities for buyer’s sales prices and overall competition increased tremendously. As I have been looking at statistics over the past few weeks I have noticed that we are starting to see some more inventory hit our market, which is great news for our buyers. Since the beginning of February there have been a little over 1,800 new homes hit the King county market. It is that time of the year when our market begins to increase in activity, and people start to make more real estate moves. So slowly but surely we are starting to see more opportunities. As always please feel free to reach out with any real estate questions or inquiries, Id be more that happy to help!
Jon Bye & Associates
John L. Scott