High Demand and Low Inventory
Buyer anxiety keeps rising: This article about high buyer demand and low inventory was originally published on April 6, 2015. Two years later, buyer demand is higher, inventory is lower and prices have climbed more than 20%.
KIRKLAND, Washington – Buyer anxiety is rising as the pace of home sales is faster than brokers are able to replenish inventory, according to members of Northwest Multiple Listing Service. Figures just released for March show 11,408 pending sales during the month while only 10,505 sellers listed their homes for sale during the same period.
“The frenzied market has returned and is in full bloom in King and Snohomish counties. Listings are selling as soon as they come on the market for sale,” said J. Lennox Scott, chairman, and CEO of John L. Scott Real Estate.
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