Inventory is way down from our peak levels! In 2008 there were nearly 16,000 homes for sale in King County, now we have less than half that! Inventory is absorbing at levels we have not seen since the market correction began! Absorption levels in mid-30’s would typically mean the median price is on the rise. So what does this mean to you and your...
King County Real Estate Market
This is a complicated question. To discover the answer, we must know the forces that control our market. Real estate is a supply vs. demand business and is heavily related to the rate of absorption of the inventory. Absorption Rates If we have low inventory and high demand the absorption rate is high and we have a seller’s market. Conversely, if we have high inventory and low demand the absorption...