Seattle Real Estate Trends – Episode 8 – 12/20/19

The window of opportunity for buyers has officially closed.   We have seen a seasonally appropriate decline of total homes for sale, but we have not seen the buyer decline to match. 

For houses, buyer demand is down 12% over the last month, but the number of homes for sale is down by 35%.  That leaves a lot fewer homes for the active buyers, therefore increasing demand and creating competition.   Overall condo supply is down 31%, but buyer demand is actually 15% HIGHER than it was a month ago.  Since we had a surplus of condos for sale, the buyer demand has moved us entirely into a competitive market yet, but it has put some life back into a lagging condo market.

 

 

Watch the Video Here.

Download the transcript here.

 

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