King & Snohomish County Market Stats – August 2017

 

What’s Happening in the Market

Eastside (based on Residential Homes):

Low Inventory

The Real Estate market in August 2017 showed signs of slowing down, but it was interesting to see as home inventory fell, homes under $1.5M on the eastside were still selling at a fast pace while the upper end Buyers were being much pickier.

 

Less Sail-Fails

Another interesting thing to note was that Sale fails were continuing to drop which is a credit to more qualified Buyers and tighter contracts that are required when competing in a multiple offer situations.  It also was because of the pre-inspections being done before writing offers instead of requiring Buyers to find deficiencies and then renegotiate the terms of the contract.

Posted on September 14, 2017 at 12:00 pm
Bellevue Commons | Category: Market Stats, Windermere Bellevue Commons News | Tagged , , , , , , , , , , , , , , , , , , , , , , ,

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