- Across the U.S pending home sales rose to the highest level in 18 months, the National Association of Realtors reports. They cite slightly improving credit conditions and higher employment as two major factors causing the rise in sales.
- Locally, these factors, along with a mild winter, are fueling home-buying activity in our region.
- NWMLS reports that pending sales are back to the record levels of 2006, despite the low inventory.
- Buyers are advised to be ready to move fast on making an offer on a home. Open Houses where the property is well priced are reportedly seeing upwards of 100 visitors, many times generating multiple offers made quickly after viewing.~ Let me just add move really fast! Here in Snohomish County area it is getting harder and harder to find a family a home and several offers have to put in before we get the “one”.
- Sellers on the fence should consider how they can make this hot market work in their favor. Brokers report that most homes are selling within 30 days, giving sellers plenty of time in the spring and summer to find their next home. We need you sellers!
Jen Murrweiss RE/MAX Elite 