We've been talking a lot about the lack of inventory in the Greater Seattle real estate market.  The shrinking number of homes available for sale has not only affected the overall market, but it seems to be having a significant effect on the waterfront inventory as well.

"Months of Inventory" is a term we use that basically captures the absorption rate in the market:  based on how many homes are selling each month, how many months would it take for the current market of active listings to be sold?  While we had up to 19 months of inventory just a couple of years ago, we're now seeing just five months of waterfront inventory.  

This basically puts us back into a sellers' market, which is a nice change of pace for the waterfront/luxury market.  The upswing in sales at all price levels seems to be bolstering listing prices for this market segment.

King County Waterfront Homes - Real Estate Listings, Months of Inventory, Past 12 Months:

Seattle waterfront real estate inventory

 

 Months of InventoryMonth201120122013
Jan 15 15 7
Feb 19 9 7
Mar 10 10 5
Apr 10 8  
May 14 9  
Jun 9 6  
Jul 10 8  
Aug 12 6  
Sep 13 7  
Oct 11 5  
Nov 10 4  
Dec 10 4  

Source: NWMLS - The Northwest Multiple Listing Service did not compile or publish this information.

© SeattleHome.com: - Sam DeBord, Managing Broker, Realtor
Board of Directors, Washington Association of Realtors
Coldwell Banker Seattle: Coldwell Banker Danforth & Associates
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© SeattleHome.com: - Sam DeBord, Managing Broker, Realtor
Coldwell Banker Seattle: Coldwell Banker Danforth & Associates
Twitter | Facebook | LinkedIn | Google + | Sam (at) SeattleHome.com

206.552.8820


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Posted by Sam DeBord - Seattle Real Estate Broker on 04/24/2013 06:49 AM   Comments (1)   Buying a Home in the Home Buying Channel  
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Sam DeBord - Seattle Real Estate Broker

Seattle, WA

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SeattleHome.com -Coldwell Banker Danforth

Address: 222 Wall St #100, Seattle, WA, 98121

Cell Phone: (206) 658-3225

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2009 $10MM+ Sales

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206-658-3225


Seattle Waterfront Homes - Seattle Real Estate news, including waterfront homes, water view homes, floating homes, and houseboats.

Sam DeBord and Brian Wiegand
SeattleHome.com
Seattle Real Estate Brokers
Coldwell Banker Danforth
(206) 658-3225

Seattle Homes For Sale
Bellevue Homes For Sale

© Seattle Homes, LLC: - Sam DeBord, Managing Broker, Realtor Coldwell Banker Seattle: Coldwell Banker Danforth & Associates Twitter | Facebook | LinkedIn | Google + | Sam (at) SeattleHome.com



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