According to the Northwest Multiple Listing Service there is a surge in home buyers, and they are more selective and educated than ever. With educated buyers it has never been more important to price property in accordance to the market. Northwest MLS members reported nearly 7 percent more pending sales and 7.5 percent more closings in the month of October compared to a year ago. Not all counties suffer from lack of inventory and with more homes on the market buyers are getting back into the game.
Another contribution to the healthy market is the news about recent easing of mortgage standards. This news comes with reports of an increase in low appraisals, which can delay or jeopardize a transaction. Buyers realize they better take advantage of these incredible interest rates before they are gone, which could be after January 1st.
Take a look at the NWMLS NR (Oct2014) market activity review and see how your local market is performing based on statistics compiled by NWMLS.
Call Brazen Sotheby’s International Realty for your next real estate transaction, the sale is all about the service. 425.454.4141