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Local Real Estate Update

Local Real Estate Update

by Noah Pratt on January 7, 2021

The greater Seattle area ranks as the number 1 most competitive real estate market in the U.S among major cities. In King county alone 71% of homes are selling within two week of being on market, which is an all time record for the area. Being that this is how our market is currently performing, at this point in time our market heavily favors sellers, and is extremely competitive for buyers. Since low inventory is at an all time low for King, Pierce, and Snohomish counties the amount of homes currently on the market does not meet the demand for the amount of buyers in our area.  My team and I believe we will soon see an increased number in inventory in the upcoming months so there will be more opportunities for future buyers. My team and I are here to answer all real estate questions and assist with all real estate needs, so please contact me at any time!

Noah Pratt

206-794-8287

Jon Bye & associates

John L. Scott

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