Seattle Real Estate Market Analysis - April 2020
A few things that really stuck out to me as I was compiling the Seattle Housing Market stats.
- The Average Sales Price Rocketed up $81,665 to $831,491
- Average Number of Days on Market slid down 16 days to 27 days
- Percentage of Sold Price to List Price rose 1.9% to 102.5%
- Seattle remains in a housing shortage with just 1 months supply of inventory
- There were more New Listings, Pending Sales and Closed Sales this month than last
What that story tells me is:
Despite the COVID-19 Crisis buyers are still hungry for new listings. With still amazingly low interest rates, and a low level inventory the last couple of years the Seattle real estate market should remain in the surge to frenzy status for the foreseeable future.
If you are selling the average sales price is at all time highs, and 72% of homes are selling in the first 30 days. If you are buying the interest rates have never been lower and this is typically the time of year when more listings start coming on the market.
There are 3 important steps you should take to get ready to buy.
Position yourself to create a buyer advantage when competing with other buyers and walk in confidence when making an offer...
