Here is your Seattle Real Estate Market update for January 2020. Your Market In A Minute Video, everything you need to know about the real estate market in 1 minute!!
If you watch 1 video this month about real estate, make it this one!
Topics typically covered include:
-Real Estate Price Trends
-Housing Inventory Levels
-Demand for housing
-Hot appreciating areas
-Real Estate Broker Trends
๐๐๐ ๐๐ซ ๐๐จ๐ฆ๐ ๐๐ฎ๐ฒ๐๐ซ๐ฌ ๐๐๐ซ๐ ๐๐ฅ๐๐ง๐ญ๐ข๐๐ฎ๐ฅ ๐ข๐ง ๐๐๐๐๐ฆ๐๐๐ซ ๐๐ฎ๐ญ ๐๐ก๐จ๐ข๐๐๐ฌ ๐๐๐ซ๐ ๐๐๐๐ ๐๐ซ
Newly-released figures from Northwest MLS show inventory at the end of December was down 31% from the same month a year ago, with only 8,469 active listings compared to the year-ago total of 12,275.
The figures include single-family homes and condominiums across the 23 counties in the MLS service area.
Last month marked the sixth straight month of declining inventory, noted James Young, director of the Washington Center for Real Estate Research.
MLS figures show inventory peaked in June when the database had 16,680 active listings; about twice as many as December.
Inventory for single-family homes and condos (combined) was down by more than 30% in seven counties: Thurston (-54%), Pierce (-38.9%), King (-38.8%), Snohomish (-35.6%), Mason (-32%), Kitsap (-30.6%), and Skagit (-30.5%). System-wide there is only about 1.2 months of supply.
The inventory of single-family homes (excluding condos) is especially tight in several counties, notably Thurston (-54%), King (-41.4%), Pierce (-40%), Snohomish (-36.1%), and Kitsap (-34.3%).
