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.
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