Housing activity in Western Washington is “Red Hot!”
Posted by The Cascade Team Real Estate on
Follow & Review Us On:Â
- Multiple offers on homes now the "Norm".
- Prices up another 2% (That's $10,000 on a $500,000 home)
- Pending Homes Sales reach the highest level in 11 months
- 2/3rds of homes are selling within 30 days (That's twice the normal speed)
The latest statistics from Northwest Multiple Listing Service indicate the housing market is continuing to rebound. Both the number of pending sales and the number of new listings added to inventory during April reached their highest levels in 11 months.
Closed sales of single family homes and condominiums were slightly below the year-ago volume, while the median sales price rose slightly (up about 1.9 percent).
"The residential market is red hot," reported J. Lennox Scott,…
1803 Views, 0 Comments