1. Seattle area’s inventory is lower today than it was a year ago.
2. We’re thin on listings, leading to extremely low supply (less than last year)
3. Inventory is down over 40% and sales are equal to a year ago
4. Weekly pending sales, as a percentage of last year, held steady at 85%
5. Though pending sales held steady as a % of last year, they rose 4% compared to last week
6. Pending sales in the $2m+ price range continued an upward trend
7. Pending Sales shot up to 1,035 from just 673 in May
8. New Listings shot up to 1,376 from just 971 in May
9. 9% more listings went pending in the first 30 days than last month
10. There are 709 less homes for sale than last year in June
What to expect? More new listings. More new sales. We anticipate July sales exceeding sales from July of 2019.
What does that mean? We are still in a seller’s market. If you are considering selling, now is a perfect time to get the ball rolling. Contact me and we can talk about your options and the best path forward for either purchasing or selling a home.