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If you have been in the housing market to buy, you, like many other buyers have been frustrated. Many times, buyers arrive at a potential new home only to learn that it’s already gone pending or that there is now a bidding war over their dream-pre-war-bungalow.

As potential sellers realized how quickly, and how much homes were selling for, they jumped into the game, and put their homes on the market, creating more and more inventory. More inventory means buyers have a greater variety of homes to choose from.

According to the Northwest Multiple Listing Service, “‘It has been a long time coming, but we finally have some solidly good news for buyers in the Puget Sound area,” commented OB Jacobi, president of Windermere Real Estate. He noted the number of single family homes (excluding condos) for sale in King, Pierce and Snohomish counties in July was up 10.4 percent compared to June and up 20.5 percent year-over-year. “The increase in listings is clearly having a calming effect on prices while also giving buyers in the region somewhat of a reprieve from the frantic market of months past,’ added Jacobi.”

Jessica Chase-Poulus, Designated Broker of Northwest Home Team Realty in Tumwater, Washington agreed with Jacobi’s finding and added “Here in Thurston, Mason, and Lewis Counties we are starting to see similar signs in housing market trends. Generally speaking, King County real estate trends are about three to six months ahead of us here in the lower Puget Sound.”

So, if you’re a buyer it doesn’t hurt to start looking now…. But be patient in the process, you’re probably about to see things swing in favor of the buyer…. And if you’ve been toying around with the idea of selling, don’t wait one second longer. Call us today, lets get your home sold, and do it in the shortest amount of time for the best possible price!

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