Thurston County Real Estate is H-O-T!

The weather outside may still be cold and damp, but the real estate market is red hot.

Why?

Inventory (homes on the market for sale) is very low.  February 2017 had only 623 units VS 920 units in 2016.  There are more buyers looking at fewer homes.

Home prices are up 8.3% from March 2016 to March 2017 while mortgage rates hold around 4.125%  Low interest rates are great, but rising home prices mean the average buyer can afford less house this year than last. Many buyers feel anxious about getting a house before the situation worsens.

Home sellers are getting 99.4% of their asking price.  In many cases, sellers have their pick of offers and homes are going significantly higher than asking price.

My advice?

Work with a savvy agent who knows the market and has an aggressive strategy to get that home under contract. Win the multiple offer battle and get the home of your desires.

 

 

 

 

 


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s