Winter can be a great time to get your home sold. Especially this Winter. King County median home prices in December were the highest since 2007 at $508,000. Inventory of homes and condos was the lowest since 1993 with 2189 active listings, according to the MLS. Historically high prices combined with historically low inventory makes for very happy sellers.
If you’re thinking of selling and planning to wait until the flowers bloom, perhaps think again. While inventory will continue at the low end in Spring, it will increase and buyers will have more choices. More choices can mean less competition for your home. An increase in interest rates can reduce your potential buyer pool. If you’re selling, those are good reasons to go ahead now rather than waiting for warmer weather. Winter buyers are generally very motivated to make a purchase and get settled quickly. I think that’s especially true of buyers this year.
For tips on the steps you should take for your particular home and a winter sale, please contact me at (425) 829-7887 or send an email to firstname.lastname@example.org.