Wednesday, January 15, 2014

King County Still Experiencing Low Inventory

Wash park home newEven though 2014 is predicted to see an increase in inventory, right now there still isn’t a  big selection for prospective home buyers. According to the NWMLS, while December saw an increase in inventory of 6.2% from a year ago, an increase in sales mostly offset that increase.
While inventory rose slightly across the board in King County last month, it was especially tight in Seattle, where inventory fell slightly. Inventory is still quite tight across King County as we wait for more listings to hit the market, and builders to finish new construction projects. According to the NWMLS the median home price in King County in December was $419,825 which was up 10.5% from December 2012, and $450,000 in Seattle, up 7%. It is an excellent time to list your home in the Seattle area, and if you’re interested in selling your home, contact your local Seattle real estate agent today.


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