Low Inventory and Interest Rates Make for a Competitive Marketplace for Buyers

With low inventory and interest rates continue to remain in the 3-4% range, the increase in buyer competitive is certainly upon us.  Couple that with decreasing prices and some of our markets are downright hot.  I was just in a multiple offer situation with a buyer on a property in Kenmore this past week.  I also had 3 offers on a listing in Seattle earlier this past month.  What we are definitely seeing is that if a property is priced well and has enticing features, they will sell in this market and quickly!

Take a look at the attached article from the Northwest MLS about our current inventory and what we possibly will see coming in 2012 in the real estate market.

NWMLS News Release

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