If you have contemplated selling, this is the year you have been waiting for to cash in on the market! The perfect circumstances await Sellers in 2017.
The Northwest MLS just reported record low inventory in the Puget Sound.
In February 2017, the MLS recorded its lowest level of inventory ever. This gives seller’s a significant edge. Read more here.
59 million Buyers are expected to enter the market this year.
One in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017. Read more here.
American’s are coming to Washington State.
According to United Van Lines. Washington State is among the top 10 destinations for migrating Americans. Read more here
Why waiting much longer may not be in your best interest…
Low interest rates will not last much longer.
We have already seen rates rise this year, with more increases likely on the horizon for 2017. Rising interest rates will affect affordability, since most people buy on the monthly payment, not the price. Rising rates could significantly impact Buyers looking to purchase their first home or those looking to move up. Read more here.
Pent-Up Seller Demand has increased dramatically.
Many people are not in the home that is best for the current circumstances. Rising equity levels will allow these sellers to enter the market more freely in the future, creating more competition. Read more here.
If you would like to discuss the market and whether it is the right time for your move, feel free to contact me.