Is the Market Slowing?
September had 1.7 months of inventory available, as reported by SeattlePI.com in this article, which tied February for the most homes available for sale this year. And while some may think that this increase – combined with a slight decrease in the median sales price of homes in the area to $565,000 – might look like a market shift, it turns out that we actually see this trend every year. As you can see in the six year snapshot below, inventory levels have risen in the month of September every year since 2012 which means that in all likelihood, we should once again see a decline in inventory levels starting in October and running through the end of 2017. Have questions about any of the data presented here and how it impacts you as a Seattle home buyer or a seller? Give us a call at (206) 331-3960.