Real Estate Stats and Trends May 3, 2012

More Support for a Housing Turnaround

The latest NW Multiple Listing Service press release title says that the “Western Washington housing market is energized and showing signs of a definite turnaround.” You can read the entire release here. One big fact given is that the year-over-year change in selling prices was positive for the first time in four years! It was a modest 1.27% but still positive.

Inventory remains tight which is creating a sellers market in some areas. However, the article goes on to say that while we may technically be in a sellers market in many areas, enthusiasm needs to be tempered because that in and of itself, doesn’t mean homes are worth more money. It basically just means that the homes that are priced and presented well will more likely see an offer sooner rather than later.