Seattle - #1 hottest market across the USA !
Strong economy, technology hub.......and Boeing.
Property values UP, more than, 14% over 2015 values ?
Seattle is leveling out - Enough Buyers "renting it out" of this, prolonged, Sellers Market.
Don't misunderstand me, though, because values have increased AND remain strong, but I'm pointing out that many Buyers are dropping out of the market, waiting for more, "negotiable" times.
"KIRKLAND, Washington (June 6, 2016) - Just as expected, the month of May had an uptick in new listings (12,272), but just as many buyers (12,275) made offers on homes during the month to keep inventory depleted, according to the latest figures from Northwest Multiple Listing Service. (Sourced from the NWMLS)"
Look at the # of new listings VS Buyers, as quoted from the NWMLS; level - and I'm seeing homes, daily, that are "expiring" off of the market, unsold - after 90 days + on the market - and in desirable areas.
Even in Seattle - the #1 market, homes aren't selling.
Marketing, Value, Price, Location and Presentation....in that order.
So - even though we're selling in Seattle, if the marketing doesn't justify the value, the price won't be right so they'll never consider that location and presentation won't matter.
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