With continued low inventory, 2018 is shaping up to be another good year for sellers!
Windermere’s chief economist, Matthew Gardner, put together a quick look at our market based on the last quarter of 2017. Its good news if you want to sell!
We saw some good job growth state-wide in the last quarter, even as home inventory remained low. Given the lack of newly constructed homes there will continue to be pressure on the resale market. This means home prices will rise at above-average rates in 2018. The main takeaway here is that the Eastside is likely to remain a seller’s market.
Eastside Sales - December
Numbers to Know
- The Cost of Waiting a year: $134,740 (2016-2017, based on King County Median Home Sales Price.)