The market continues to compact. The value of upper end homes has been decreasing while the value of entry level homes has held steady or increased. The first time home buyer tax credit is helping homes priced under $500,000. In fact it is not uncommon to see multiple offers for homes that are priced right.
Home owners that are considering moving up will likely do well in this market by selling their home to a first time home buyer and purchasing in a price range that is not as strong.
The number of homes sold in North Seattle jumped up from February to March with 148 to 237 homes selling.
The number of pending homes continues to skyrocket with 358 homes pending in March. The number of closings should continue to increase for the next couple months.
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