Snohomish County housing statistics for September 2015 are published below in 5 charts. Yet before we get to the local statistical details, we'd love to ask some questions and here your thoughts in the comment box.
- Are you looking to buy or sell prior to 2016?
- Are you anticipating big changes to the housing marketing in 2016?
- Do you think home prices have escalated to quickly?
- Does the 2015 housing market remind you of anything?
These are some questions we're pondering as the year comes to a close and what will 2016 bring for our clients. Today, Wednesday the 28th, the Federal Reserve stated it will not be raising rates even though the economic indicators remain strong and "the housing sector has improved further"- [SOURCE]
This month, we'll look at the following charts for September 2015:
- Months of Inventory
- Average Days on Market
- Supply & Demand
- Median Home Prices
- 90 Day Overview
Months of Housing Inventory
Inventory levels have remained virtually unchanged, from July, through August, and September at 2.1 months. The slight decrease may seem insignificant to sellers on the surface yet when reviewing following charts a different picture is painted.