Weekly Inventory Update – 6/22/18

We officially have something to talk about!

Watch the video here.

Single Family:

** We now have almost 1,000 homes for sale in Seattle.  The last time we had that many choices was June and October 2014.  We still had 69% of our new inventory absorbed last week, indicating that increasing supply is still matched or outpaced by buyer demand.   We currently have 2 months supply of inventory. **

 

Condos:

** We now have over 400 condos for sale.  The last time we had 400 or more condos for sale was June and September 2014.  We had 66% of our new inventory go pending, indicated although we are seeing an increase in number of condos for sale, the buyer demand is still higher than the supply.  We currently have 2.3 months supply of inventory. **

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