End of 2013 shows continued strength and growth in Puget Sound real estate market

My apologies for not realizing till now that I’ve not posted on the blog since late October. I’ve put up several articles on our Team Reba official Facebook page that you can access at the link in this line.

What got me going on a new post is the latest statistics coming out of our local NWMLS showing the status of real estate sales in the greater Seattle and Bellevue areas and nearby. Here’s a quick look at the 3 major county markets of King, Snohomish and Pierce Counties.  You’ll see quickly from the chart that we continue to be in a real estate market that has tight inventory affecting it to the benefit of sellers. Expectations for 2014 are that this will continue even though interest rates are expected to begin slowly increasing. New construction is not going to catch up to need anytime soon.

If you’d like to read the full report, you can do so here.

Single Fam. Homes + Condos

LISTINGS

PENDING SALES

CLOSED SALES

MONTHS SUPPLY

New Listings

Total Active

# Pending Sales

# Closings

Avg. Price

Median Price

King

2,051

4,876

2,617

2,244

$452,285

$379,202

1.86

Snohomish

900

2,451

1,010

833

$308,095

$288,000

2.43

Pierce

1,042

3,384

1,131

878

$226,932

$205,000

2.99

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