Real Estate available for sale in the Renton Highlands is becoming harder to find. Ask any home buyer (espcecially in the under $500,000 market) actively looking to purchase now and you'll hear their frustration over the lack of inventory.
How a few years changes things.
Look at this graph of available months of inventory from 2008. If you'll recall, this was back when NOTHING was selling...
Notice the bar graph in November showing approximately 14 months of Active Listing Inventory? Again, this is for the 98059 zip code only.
Fast forward to 2011....things were getting better. The high point of inventory, in February was just under 7 months. Still technically a buyer's market.
So what happened last year? 2012?
Ok....
And trending into the 2013?
So if you're a home seller today....it's time to celebrate the long awaited return of the Seller's Market!
Of course pricing is still important given that underwriters are still cautious and appraisers have to catch up with Pending Sales.
Wondering what your home is worth in today's market? Find out here
Search Renton homes for sale here
Comments(0)