READ FULL REPORTSNOHOMISH COUNTY MARKET REPORT
Hi this is Jason Fox along with my partner Joe Kiserer we are The Madrona Group of John L Scott real estate and this is the Snohomish County real estate market update for March of 2018.
According to our CEO Lennox Scott we remained in a frenzied real estate market again for the month of March. That is a sales activity indicator based on the percentage of homes of sell within the first 30 days on the market.
That number is currently sitting at 84% in Snohomish County an even keel number is about 30%.
Let’s take a look at some of the factors that are creating that frenzied market.
First of all let’s take a look at inventory in Snohomish County, we’re currently sitting at one month supply of homes. An even market is about six months supply so anything less than six months is considered a seller’s market, or we have a shortage of listings.
In addition to that we also have a backlog of buyers that is due to both the strong job growth rate in Washington State based on
companies like Microsoft, Amazon and Google, and to the still amazingly low interest rates of 4.51%.
If you would like a more detailed copy of this report just click the link below.
Right now is a perfect time to schedule a cost market analysis of your home because if you’re using tools like Red Rin or Zillow to price your home these tools are not always accurate and they don’t take into account things like local area and seasonal variances.
Contact us today at www.TheMadronaGroup.com