Northeast Seattle housing market overviewNE Seattle’s housing remains “spooky” heading into October

The number of homes available for sale in northeast Seattle is scary!  Housing inventory is down 50% compared to this time last year.  Housing inventory usually increases this time a year into December, not so, so far this year.  Homeowners are starting to pick up some of the value lost over the previous years.

Buying and selling

I would really call this a situational selling market, even though listings inventory is extremely low home selling prices haven’t spiked up that quickly. Causing many sellers to hunker down for a few more years to grow equity. Conversely,   if a seller has been in their home awhile and has a fair amount of equity it might be a great time to sell.

Buyers looking to purchase in this market place need to come armed and read. Low inventory levels means they’re probably other buyers out looking at the same inventory as you.  At least buyers should have their financial package in order; qualification letter from lender and source of closing funds well documented.  And  the most important thing to remember is that the market has changed, low-ball offer are pretty much gone away. There are exceptions of course, you may find an occasional distressed property that’s been lingering on the market where you might be able to have some room to negotiate. But these are becoming very rare.

For more information regarding the real estate market in different areas of Seattle FREE weekly reports are available. For more information……or contact Adrian Willanger directly @ 206 909-7536.

 

Related posts:

  1. Much needed housing inventory trending upward in NE Seattle (13.8)
  2. Northeast Seattle housing inventory starts early spring creep (13.2)
  3. Northeast Seattle's housing inventory creeping (12.8)
  4. Northeast Seattle Housing Inventory Rising (12.5)
  5. Upper tier homes in NE Seattle selling quicker (9.8)

 

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

 

1 Comments on NE Seattle’s housing remains “spooky” heading into October

OCT
02
704,589 Points 10 Featured Posts Outside Blog Called Shot Master

Adrian,

Yes it is scary there as here in Katy Texas if you are a buyer as you might have waited too long to take action. I have been persoanally saying thios for the past 3 years. Inventories are down and prices will go up. Consumers stop paying attention to the national press as these jokers have never sold a home in their life. If you live or want to live in NE Seattle call Adrian as he is the local expert.. Call a Realtor who knows your market. Reportser are not a good source for much of anything other than maybe gossip.
2:15pm • #1


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Adrian Willanger-Coldwell Banker Greater Seattle, Wa.

Seattle, WA

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206 909-7536 TheHomeFunnel.com

Office Phone: (206) 909-7536

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