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Leavenworth Housing Shortage 2014

By
Managing Real Estate Broker with Windermere Real Estate / NCW

The Leavenworth real estate market often lags behind the Seattle market. The newest trend seems to be following this pattern.

Last Spring Seattle saw a shortage of homes for sale and this extreme lack of inventory led to price gains for sellers.  Home sellers in Leavenworth were wondering if we had a sellers market back then and the answer was definitely not.

 

As I write this post at the beginning of 2014, I know that home buyers will ask again about a Leavenworth home shortage in 2014.

I expect to get a huge number of emails asking: Are there no homes for sale in Leavenworth?

Currently there are just over 80 single family homes for sale in the Leavenworth and Peshastin area.

Looking at the broader single family market, this gives us about 7 months of supply. (Technically, less than 6 months is a sellers’ market but this is dramatically closer than we have been since 2006.)

About 45 of these homes are located in the Leavenworth zip code and priced less than $400,000.

Here we have just 5.5 months of supply which is truly a sellers’ market which is why it feels like there are so few choices.

Visit our blog to read the full article about the 2014 Leavenworth housing shortage