Are Seattle Area Home Sales Tanking?

If you read some of the headlines about home sales over the last few weeks, you may believe that sales of houses in the U.S. are beginning to slow dramatically. There have been some that have used the recent Existing Home Sales Reports (EHSR) from the National Association of Realtors’ as proof of this supposition. We should be careful not to put too much credence in these reports of impeding doom.

It is true that the last EHSR revealed that sales were down 3.2% from the previous month. However, there are two crucial points that are not being addressed:

  1. Home Sales are up 6% over the same time last year.
  2. Part of the downturn in recent sales can be traced to the falling inventory of distressed property sales (foreclosures & short sales). Distressed homes accounted for 14% of October sales as compared to 25% in October 2012.

Bottom Line

Sales of non-distressed properties are increasing nicely.  However, as the inventory of distressed properties continues to shrink, the number of overall properties sold may diminish over the next few months.  This is a sign that we are entering a much healthier housing market.

If you are considering a home purchase or sale, give us a call, text or email; we would love to meet with you!

?-Steve and Sandra

Steve Hill and Sandra Brenner
Windermere Real Estate/FN
Seattle-Northwest
122502 Greenwood Ave N
Seattle WA 98133
call/text: 206-769-9577
email: stevehill@windermere.com

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Check out these useful links:

BrennerHill.com
Best In Client Satisfaction
Seattle Real Estate Statistics
Windermere Housing Trends Newsletter

Our Preferred Lenders

George Runnels
Washington First Mortgage
WaFirstMortgage.com
call/text: 206-604-4545

Jackie Murphy
Cobalt Mortgage
CobaltMortgage.com
call/text: 425-260-6834

Posted on December 9, 2013 at 3:02 pm
Steve Hill and Sandra Brenner | Category: Home Sales | Tagged , , , , , , , , , ,

14,027 Houses Sell Every Day in the US!

There are some homeowners that might consider waiting for the Spring to sell their house thinking that no one buys a home during the Winter months. What we should understand is that homes sell EVERY DAY. As a matter of fact, according to the latest Existing Homes Sales Report from the National Association of Realtors, on average 14,027 homes sell daily in this country.

It is true that more houses sell in the Spring than the Winter in most markets.  However, it is also true that there will be more competition as many sellers wait to the Spring to put their house on the market.

Thousands of homes sell each and every day in this country. Don’t be afraid to put your house on the market this Winter.

If you would like a comparative market analysis of your home, give us a call, text or email. We would love to help you sell your home for top dollar!

?-Steve and Sandra

Steve Hill and Sandra Brenner
Windermere Real Estate/FN
Seattle-Northwest
122502 Greenwood Ave N
Seattle WA 98133
call/text: 206-769-9577
email: stevehill@windermere.com

Check out these useful links:

BrennerHill.com
Best In Client Satisfaction
Seattle Real Estate Statistics
Windermere Housing Trends Newsletter

Our Preferred Lenders

George Runnels
Washington First Mortgage
WaFirstMortgage.com
call/text: 206-604-4545

Jackie Murphy
Cobalt Mortgage
CobaltMortgage.com
call/text: 425-260-6834

Posted on December 3, 2013 at 3:00 pm
Steve Hill and Sandra Brenner | Category: Home Sales | Tagged , , , , , , , , , , ,

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