With absorption rates in the 40th and 50th percentiles, there is no question that we have briskly transitioned in to a strong seller’s market. The recent housing crisis is still very visible in the rear view mirror however…so even with multiple offers becoming common, buyers are cautious not to pay too much. If you’ve been waiting for a time to bring your home to market, this is it!
Data prepared and analyzed by Julie Nugent for Windermere Real Estate/Mercer Island. For questions or comments, email Julie at email@example.com.