Low inventory continues to be the theme for our Market Update for NW Seattle. As expected we did have more homes come on the market last week, which was 23, versus 7 the week of Thanksgiving. Those new listing are getting snapped up by Buyers, which is why inventory levels continue to come down. As of today, Monday December 6th, we only have 70 homes available for sale. These are mostly older inventory. 50 or 71% have been on the market for 10 days or more. A good portion of these 42% are townhomes. We’ve talked about this in the past, that townhomes tend to stay on the market a little longer than other single-family homes.
Speaking of homes being on the market a little longer. There were three homes last week that either Expired or Cancelled and none of them have come back on the market. If those Sellers are still interested in selling, they should absolutely be on the market right now because of the extreme lack of inventory. We are definitely recommending to our Sellers who are ready, to go on the market now, versus waiting for the New Year. The best time to be on the market is when Buyers are active and you have very little competition!
For those of you considering selling in 2022, we have our next Home Selling Seminar on the calendar for Thursday February 3rd at 5:30PM. To keep everyone at ease, we are planning to have it on Zoom again. Please email Sandra at sbrenner@windermere.com with the subject line “Home Selling Seminar” and we will get you signed up! We understand not everyone has the capability (or desire) to Zoom. Both Steve and I are fully vaccinated and soon to be boosted. If you or someone you know would like the information that our seminar provides, but can’t Zoom, just get in contact with us. We will figure out a time to present the information in person.
Our next Market Update will be on Monday December 20th. Have an amazing two weeks!
