Multiple Offers, Bidding Wars AND No Buyer's Agent Commission!
Posted by Cary W Porter on
Western Washington saw one of the largest year-over-year decreases in active inventory last month. There were 3,333 properties for sale in January — a 23.2% decrease from January 2023, when there were 4,342 homes on the market. Only Las Vagas had a steeper nation drop in inventory levels.
As a result of the low housing inventory levels around Western Washington, we are returning to bidding war situations. Seattle area home sales increased by 7% in January, marking the first year-over-year increase since March 2022. Meanwhile, home sale prices increased by 3.4% year over year.
Additionally, the new commission rules are allowing Sellers to save 10’s of thousands in Buyer Agent commissions.
Taking advantage of low inventory before more homes…
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