Lennox's Real Estate Blog

sharing my passion for real estate

November 2012 Market Update – Intensified Sales Activity where there is a Shortage of Inventory

We are seeing intense sales activity in the price ranges where there is a shortage of inventory. In King County, 95% of sales activity is taking place in the price ranges where there is only 1.8 months of resale inventory available. This is causing a definite rise in prices compared to one year ago.

The intensified sales activity, combined with the shortage of inventory and low interest rates has created a “double quick action market,” resulting in multiple offer situations and rising prices.

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Written by Lennox

November 8, 2012 at 5:17 pm

Posted in Uncategorized

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