Shortage at "CRITICAL LEVELS" in some counties for those looking to buy homes in area

Posted by on Tuesday, April 5th, 2016 at 11:43am

This mornings News Tribune published a very informative article about the supply of available homes in King, Kitsap, Pierce and Snohomish counties.  This is how bad it is if you're looking for a house.  The shortages are now reaching critical levels states the Northwest Multiple Listing Service.  I'll bullet point some of the article and for the full story you can read it online  at The News Tribune.

*Gridlock in the Puget Sound housing market. Virtually sold out of inventory and there's a pipeline of stalled buyers.

*Shortage of available homes is causing a Frenzy. This continue to be an historic time for the real estate economy.

*The figures tell the story. See The News Tribune Article.  Very informative!

King County had the states highest medium home price at $531,250.  WOW!

As the supply of available listings dips, and as demand increases, prices have gone up.

Homes seller's are getting multiple bids on their homes and driving the price higher.  If your a buyer don't wait or you'll pay more.

Call me for a consultation.  

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