Where is the Inventory??

The market continues to be as hot as we can remember since the crash in 2008. This is primarily driven by lack of houses on the market. The amount of homes for sale is down 50% from a year ago, and it seems to be shrinking every day. We are seeing multiple offers in all price ranges all over the City of Seattle. If you are looking for a home and are frustrated, you are not the only one.

In Laurelhurst there are only 9 homes on the market over a wide price range ($689,000 to $4,100,000). Bryant/Hawthorne Hills/View Ridge again only 9 homes available. Montlake/Portage Bay/ Roanoke Park only 5 homes. Typically this time of year that we start to see inventory increase as new homes come on the market, as people wait until after the Holidays and into the Spring Season, but this year does seem a little different as houses seem to be selling faster than they can come on the market.

If you are considering selling, now is a good time.