Mukilteo Condos Months of Inventory Currently a Sellers Market
One gauge that we use is called "Months of Inventory" which is a term we use that captures the absorption rate in the market. That is, what is the amount of time it would take to sell all current listings at the current sales pace if no new listings became available?
In January 2014 Mukilteo Condo inventory was 11 months which was to the advantage of buyers. In March 2014 it decreased to two months of inventory which was in the favor of sellers.
In April 2014 and May 2014 it held steady at nine months of inventory which was to the advantage of buyers. Starting in June 2014 it decreased to four months which swung to the advantage of sellers.
This seems to be a pattern for Mukilteo Washington condos so while the market currently favors sellers this can change at any time.
Whether buying OR selling a condo in Mukilteo, Washington call Lana TODAY for a FREE market analysis at (425) 290-3114.
* Source: Northwest Multiple Listing Service (NWMLS.) The NWMLS did not compile or publish this information. Information is believed to be accurate but should not be relied upon without verification.
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