The housing market is continually improving for both, buyers and sellers. Currently, home prices are higher than they were before the 2008 recession and the housing market is growing at a healthy rate. In spite of the market’s optimism, a severe lack for inventory and prices rising steadily in the Seattle-Tacoma area are preventing potential buyers to look for homes and potential sellers to list their properties as to fear of leaving money on the table.
These are with no doubt reasonable concerns for anyone. In the other hand, it is a time of opportunities thanks to the steady raise in equity on those purchasing a home and the current promising selling value of properties.
August is a crucial month for the real estate industry, usually affected by the back-to-school activities and end of Summer vacations side tracking buyers and sellers; but to our surprise, August has proven to show a positive shift in the market. According to Diedre Hanes, principal managing broker-South Snohomish County at Coldwell Banker Bain in Lynnwood, it is a month that "we experienced a more robust market than anticipated… compared to years past, we've seen very limited slowdown”. That means that consequently the following months will continue to look up.
Click this link below to see the updated article from the MWMLS, and make sure to contact Best Choice Realty to find out if the time is right for you.