I was in Iceland for 2 weeks and while I was gone, a slight shift occurred in the market. Inventory increased – in the city of Seattle the number of new listings of single family homes in May increased nearly 30% over April 2017 and nearly 6% over May 2016. This is great news for buyers who have become very frustrated with the lack of available homes for purchase.
Sellers, it’s not time to worry. There’s still a significant shortage of inventory compared to the demand.
Please let me know if there’s anything I can do to help with your real estate needs.