This graph tracks the supply and demand for homes in north Seattle. If your price point is over 50% it is a seller’s market and if below it is a buyers. The higher or lower the % the stronger or weaker the market is. Looking at the red line most price points are favoring sellers except for homes price above $1.75 million.
Home values are on the rise compared to last year at this time. When gathering all the homes that sold over the last six months and comparing them to last year, the average home value increased by $48,000 and the median home value increased by $54,000. That’s an 11% increase!
2015 is looking to be another year of high demand and low inventory in Seattle. Keep in mind, the real estate market is fluid, demand for homes changes from week to week and day to day. So if you’d like to know what the market is doing right now contact me at 206-930-8238 or please visit http://www.SeattleHomeKey.com. Thanks for watching my video.