Have you thought about selling your property in Seattle over the last five years?

Here are few reasons now may be the good time.

1. We are currently experiencing a housing recovery and the market may be much different now compared to when your property was for sale. According to the National Associations of Realtors, condos prices nationwide have risen 6.2 percent from January 2016 to January 2017. Home price jumped even higher – 7.1 percent from January 2016 to January 2017.

2. The inventory of available homes is historically low and dropped slightly even more this year.

3. Mortgage interest rates are still at record lows, making homeownership more affordable and bringing new buyers into the market.

4. Rental rates have been rising dramatically, making renters enter the buyers market.

5. Buyer confidence is at the highest level in years, and there is a pent-up demand of new buyers who have been waiting for the market to improve.

Have you thought about selling your property in WA over the last five years? 

Here are five reasons now may be the good time.

1. We are currently experiencing a housing recovery and the market may be much different now compared to when your property was for sale. According to the National Associations of Realtors, single family home prices nationwide have risen 7.1 percent from January 2016 to January 2017.

2. The inventory of available homes for sale is a fraction of what it was just one year ago, making the competition among sellers considerably lower. In first quarter of 2016 Bellevue had 300+ houses for sale, and nowadays this number dropped below 240. This is almost 25% of reduction!

3. Mortgage interest rates are still at record lows, making homeownership more affordable and bringing new buyers into the market.

4. Rental rates have been rising dramatically, making renters enter the buyers market.

5. Buyer confidence is at the highest level in years, and there is a pent-up demand of new buyers who have been waiting for the market to improve.