‘Tis The Season…

As the year winds down many of us are taking stock of where things stand and considering our plans for next year and beyond. If real estate might figure into your calculations it’s important to start with good information. Based on the folks I’ve heard from, last week’s Seattle Times article citing the MLS stats for the month of November raised more questions than it answered. Here’s my shot at clearing things up.

The article’s headline, “It’s a home seller’s market as King County sees ‘November surprise’“ trumpets a seller’s market, and the big “surprise” is lower inventory; two realities we’ve been living with for years. Their trouble is searching for a headline in a single month’s snapshot of data. The reality is that in most neighborhoods the local market continues to recover from the swoon we saw during the back half of 2018. (See “Taking Stock” post above from July.) Inventory fluctuates month to month, but is still quite low from a historical perspective, and prices in most areas have crept upward during 2019, although the graph is not a straight line.

We still live in a seller’s market. Buyers are actively seeking homes in all neighborhoods and price ranges, but they are being more selective. In order to sell a home quickly in this market, pricing, preparation and marketing are more critical than ever. So don’t sweat the month-to-month market fluctuations. The market in our area remains one of the strongest in the country. And when you do see the local paper turn – or click – straight to the sports page. The rest will just drive you nuts!

Finally, I want to thank all of you who helped make this another great year for me in this crazy business. I love what I’m doing and I’m grateful for your confidence in letting me help you with your real estate dealings and for all your referrals of family and friends. Have a great holiday and I hope to see you soon.

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