Another day where more houses came up on the market, for sale, than those that went Pending in the same timeframe - see today's NWMLS daily dashboard/Market Watch:
91 more houses came on than those going pending - and I've been seeing more days like this as compared to the last couple of years.
Mortgage Rates are climbing:
2017 is shaping up to be the year where Sellers capture their increased values as Buyer's mortgage rates promise to increase by .75%.
As rates increase, lender-dependent Buyers have to look at homes that are less costly.
Currently, there's more demand than inventory - but in looking at the stats over the last couple of years, the amount of inventory coming on sure looks to be significant and suggests this might be the year where inventory satisfies demand and the market levels, NOT drops, off.
Seattle prices going to level out too ?
Not likely this year - as inventories aren't increasing as sharply as outlying areas.
Pierce and Snohomish Counties - WA is Growing:
These are the 2 fastest growing counties in the entire country and Pierce is #1.
On a local level, it looks like many Sellers - in King County, are re-locating to Pierce and Snohomish....probably because the tax rates are more appealing and they can buy more house for the $$.
However, due to the robust economy in WA, many people from other states are moving to WA in droves.
Get on the market now, while competition isn't as strong as it's sure to get as the weather warms and more homes continue to come on the market.
Please - feel free to contact me: 360 204 6447
My cell is on/answered 7AM to 11PM X 7.
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