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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Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2017. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2017 NWMLS. All rights are reserved.
Disclaimer: The information contained in this listing has not been verified by NWG Real Estate and should be verified by the buyer.
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