Downward trend of Inventory Continues

Attached is the latest inventory numbers from the MLS in regards to residential homes in King and Snohomish Counties. Our available inventory for the two counties is now similar to that of 2004/2005 when we saw many properties receive multiple offers. I believe inventory will continue to fall through the end of the year and gradually uptick in late January early February of 2012.

If you are a seller contemplating putting your home up for sale and are in the mindset of waiting until the holidays are over, is that a good or bad decision?  While that may be the most convenient, one of the pros to putting your house up for sale now is you will have a lot less competition and therefore may realize a faster and more profitable sale then waiting with the majority of sellers until after the New Year. 

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Posted on December 8, 2011 at 3:26 am
John Bischoff | Category: Uncategorized | Tagged , , , , , , , , , ,

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