REAL ESTATE NEWS!

New July numbers from the Northwest Multiple Listing Service confirm what brokers and home sellers throughout our region have been experiencing:  the days of multiple offers and escalation clauses have past – at least for now.

Increased inventory, buyer fatigue, sky rocketing prices, and the traditional summer seasonal slow down have sent many buyers to the side lines. In Seattle and King County the number of homes on the market is at the highest level since the first quarter of 2015.

This steadily improving supply is finally creating opportunities for buyers but the market overall continues to favor sellers. More inventory is still needed to meet the demand for quality homes near job centers!