March's Months Supply of Inventory on the Eastside is down 36% year over year. Wow! Very rarely do we ever see the inventory map with so much RED! Obviously, it is still a "Seller's Advantage" market. On average, there is just 1.18 months of active home inventory available to buyers, causing a shortage of homes and allowing Sellers to have the upper hand.
The demand from buyers is still evident. In fact, multiple offers are still the norm when a home is priced right and shows well. Despite low inventory, pending sales are still up 5%! Since prices have increased slightly, we advice sellers to get "off the fence" if they are ready to relocate, dowsize or upsize.
In this changing market, we are here to help! Please don't hesitate to contact us if you would like a market analysis for your specific neighborhood.