Real estate business in the Puget Sound is starting to look like a late bloomer this spring. While hopes that warm weather and spring blossoms would stimulate the buying and selling of properties in Seattle and surrounding areas, those seeds are still underground, struggling to sprout. With fewer and fewer houses being listed for sale in the Puget Sound region, and prices soaring to dangerous heights, the housing pool is shallow, with seemingly little sign of change on the horizon. Real estate professionals recognize a healthy industry when there are between four and six months worth of inventory to work with. However, after winter’s brutal show of force, there are fewer than two month’s worth of homes available for purchase. If a house remains on the market for any length of time, it’s due to gross over-pricing or insurmountable problems; with inventory being scarce, most homes are selling quickly. Inventory has simply stalled, creating a wait list of buyers.
from Jason Fleming - Washington Homes http://ift.tt/1SUnrnm
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