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

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Reba Haas

I've been a real estate agent in the Puget Sound region since 2003 and came to the industry with a background in sales in the tech sector. I'd been interested in real estate for a long time and my mom also happens to be a 25+year veteran agent in Kansas. I didn't grow up around the industry but I have definitely taken the bull by the horns, so to speak, in my own area with some pretty positive results. I've got a great team of people working with me. There is tremendous power in a team and it helps to have different perspectives at times when it comes to running a business. All in all, we make a great team! We hope you'll get a chance some day to utilize our varied and excellent skill sets in a future real estate transaction. But, even if we never get to meet you, we hope you'll enjoy and appreciate the information we have to offer here.

Leave a Reply