Multiple offers and motivated buyers are heating up the early spring market in Seattle.

Favorable weather and restored confidence are propelling home buying activity aournd Western Washington to the highest level in nearly a decade, according to NWMLS report released on Mar. 5th, 2015.

Pending sales surged 18.7% in February compared to the same month a year ago. The number might be even higher given the ample supply of buyers, but inventory is far from ample.

"listings are flying off the shelf faster than allergy medicine in this early spring market", quipped MLS director Frank Wilson. Brisk activity is posing challenges for buyers. "They will probably make several offers before one is accepted and they just need to expect to be competing with others"

The housing market is on fire now. Sellers haven't experienced a market this favorable since frothy days. (of 10 years ago). Savvy sellers need savvy listing brokers to help market the listing, also an ABR to help find a replacement homes. Contact  lisadong@windermere.com for a listing consultation to help you get top dollars in this market.

 

 

 

Posted on March 7, 2015 at 9:43 am
Lisa Dong | Category: seller | Tagged , , , , ,

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