The beginning of February brings us with an incredible time for sellers, it is a sellers market with limited inventory and lower interest rates. Buyers are having a tough time with the limited inventory, that are stimulating multiple offers and offers going over 15% above listing price in some instances.
This is discouraging for many buyers and I am encouraging my buyers to hang in there and be ready to jump as soon as we hear of a new listing that matches my clients requirements. With the limited properties coming on, we are doing a lot of jumping.
From what we can see, it appears this spring and summer will be heavy activity in the real estate market, heated up from the limited inventory over the last several months.
Exciting times are coming and buyers should be patient and sellers should be getting their homes on the market to take advantage of the limited inventory, this should provide a better sale price now than this summer when more home flood the market.
If you have any questions r or comments please contact me. If you need assistance in the market wiht buying or selling please contact me.
To see what your home is worth, contact me for a CMA, (Comparable Market Analysis)
Fine Homes NW, Inc.
Windermere RE, Capitol Hill