Many People have been moving to Washington’s rural communities

According to K5 News 

 

  • People are packing up and buying homes outside of Seattle, according to Sotheby's first-quarter report for 2021.

 

  • Snohomish saw an increase of over 10% in sale prices, with an average of seven days on the market, and that trend continues.

 

  • “Being able to work remotely has been a huge factor in people being able to afford homes out in Monroe, and Snohomish and Woodinville. I mean, it’s just incredible.”

 

  • Realtors found the Covid-19 pandemic and working from home has allowed people the freedom to move away from the city

 

 

  • According to Sotheby’s, it’s a seller's market, and people are…

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  • “There may be hope on the horizon as we head into the prime-time months for sellers.”
  •          Brokers added 12,043 new listings of homes and condos.
  •          16 of the 26 counties in the report had at least a 20% increase in active listings at the end of April compared to March.
  •          Even with some improvement in listings there is only 0.64 months of inventory, with even less supply (0.57 months) in the four-county Puget Sound region.

KIRKLAND, Washington (May 5, 2021) – Finally, some good news for home buyers! Sizeable increases in new listings compared to a year ago and reports of moderating prices “might mean we are seeing some relief for buyers,” suggested John Deely, a board member at Northwest Multiple Listing Service.

…

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  • April’s month-end inventory of 5,616 listings was a year-over-year (YOY) drop of 45%; a year ago, there were 10,282 active listings in the MLS database.
  • 16 of the 26 counties in the report had at least a 20% increase in active listings at the end of April compared to March,  
  • Condo supply remains tight at 0.88 months (down 27% from a year ago), with prices up 12% areawide.

KIRKLAND, Washington (May 5, 2021) – Finally, some good news for home buyers! Sizeable increases in new listings compared to a year ago and reports of moderating prices “might mean we are seeing some relief for buyers,” suggested John Deely, a board member at Northwest Multiple Listing Service.

In commenting on the latest statistics from Northwest MLS summarizing…

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  •          “There may be hope on the horizon as we head into the prime-time months for sellers.”
  •          Brokers added 12,043 new listings of homes and condos.
  •          16 of the 26 counties in the report had at least a 20% increase in active listings at the end of April compared to March.
  •          Even with some improvement in listings there is only 0.64 months of inventory, with even less supply (0.57 months) in the four-county Puget Sound region.

KIRKLAND, Washington (May 5, 2021) – Finally, some good news for home buyers! Sizeable increases in new listings compared to a year ago and reports of moderating prices “might mean we are seeing some relief for buyers,” suggested John Deely, a board member at Northwest Multiple Listing…

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