Homes for sale in Lynnwood, as a market, are showing improvement overall in the current statistics. For instance, the Lynnwood home resale inventory decreased sharply, about 14%, since July 2012 and this shows that demand is going up. The inventory of homes for sale in Lynnwood has actually decreased steadily and continuously over the last 2 years, showing a bit of momentum post-recession. The number of days a listing stays on the market has gone down over this same time, most significantly in the last 6 months, and the average listing price has gone up, further proving the momentum and demand in this market.
In fact, there has always been demand in the market of homes for sale in Lynnwood; it is very popular place to live, work, and travel to and through in the Pacific North West. Lynnwood is known widely as the “hub city” of south Snohomish County because of all the retail shopping. The city is a mix of urban, suburban, small city, crossroads and bedroom community to many Seattle-based professionals. The diverse community and long-standing infrastructure has attracted homeowners since even before the city became incorporated in the late 1950’s.
I composed a search for homes for sale in Lynnwood with a listing price of up to $300K and what came up was pretty astounding: there are almost as many distressed properties currently on the market than new or resale properties! This is a major positive for prospective buyers because prices for quality homes in Lynnwood will potentially continue to hover in an affordable range and the value of these properties can only go up as the inventory is liquidated. There is incredible value in this market of homes for sale Lynnwood!
I am always available to answer questions or meet with you about any homes you are interested in or discussing with you the opportunity to sell your home in this great buyer’s market. In the Pacific North West, there are not many other areas with such an incredible value you can find in homes for sale in Lynnwood.
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