Wednesday, April 25, 2018 / by Lindsey Gudger
Selling a home? Get a free home value report
With spring well underway and summer coming up soon, it’s time for a look at the latest news from our market. The statistics from 2018’s first quarter are in, so let’s discuss what these figures mean for you and your real estate goals.
Unless you’ve been living under a rock, you probably know that today’s market conditions are rough. Things are incredibly competitive and there have never been fewer homes for sale. This has led to a year-over-year appreciation rate of around 18%. And with so little inventory, we’re seeing multiple offers on nearly every listing that comes onto our market.
What does this mean for you?
For buyers, it means that it’s time to take action. Stop looking for a flawless home. Start looking for a property that’s a realistic match for your wants and needs, so that you too can enjoy the benefits of today’s high appreciation.
Sellers can take advantage of our current, too. Right now, sellers have more leverage than ever before. Great offers with few contingencies are well within reach for those looking to list in today’s market.
To sum things up: This isn’t a market for the faint of heart. Whether you’re planning to buy or sell, you’ll need a professional by your side to help you navigate these competitive conditions. Trying to move forward without a professional could leave you unable to find a home at all.
On that note, no team in King County has put more buyers in homes in the past three years than our team has. In fact, we’ve put a home under contract every 20 hours year-to-date. We would love to help you realize your real estate goals.
If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.