Posted by: phillipsre | July 28, 2015

Now Is The Time to Sell in Seattle

SOLDThe Seattle housing market is busy these days, especially on the seller’s side. This article from the Seattle PI reports that over half of the homes for sale in Seattle are selling for over the asking price. The inventory of homes are moving quick which could be the result of higher employment rate in Seattle. As a buyer, you need to act fast and be prepared to outbid your competitors if you really want and can afford the homes in Seattle. Not only are the homes going up in price, but they are moving quickly as well, the average house is only on the market for an average of 9 days. Summer generally tends to be busier for homes sale, but this summer is very busy and there are only four cities in the U.S. that have a higher percentage of homes selling above their listing price than Seattle, no surprise 3 of the 4 are in California: San Francisco and San Jose, Calif. are seeing nearly 80 percent of homes selling above asking; Oakland, Calif. is not far behind at more than 70 percent; and Denver, Colo. is narrowly edging out Seattle with slightly more than 50 percent of homes going for more than list price.

If now is the time for you to be selling or buying, contact the folks at Phillips Real Estate Services to help navigate through today’s exciting real estate market.

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