Are you noticing a shift in Snohomish County's real estate market? We have. Since July 2016 market times have increased and price reductions are becoming more common. However, below are the real estate statistics for July 2016 which will cover:
- Housing Inventory
- Days on Market for Pending Properties
- Supply and Demand Figures
- 90 Day Perspective Report
Snohomish County Housing Inventory July 2016
How low can it go? Two years ago the housing inventory was really starting to favor the sellers. Most of the bank owned and short sale inventory was being consumed and equity based situations were on the rise. Now, the market trend has been very strongly in the sellers corner with July 2016 having 1.3 months of standing inventory.