2009 Real Estate Trend, Not So Bad and Getting Better!

The NWMLS has recapped 2009…not all bad, and the trend continues:  NWMLS 2009 Recap!   Affordability continues, interest rates still low (under 6%) and the $6500/$8000 tax credit available  until April 30, 2010 have made this the right time to buy for many. With inventory down by 15.6%,  buyers feel more of a sense of urgency while causing December 2009 closed sales to be up 54.7% over the same time last year.   Have we hit the real estate bottom?  We won’t know until we’re on the way up, which is what the trends are showing.  Most Seattle markets are becoming more balanced (3-6 mo of inventory) and more equitable for both buyers and sellers.  Now just might be your time!


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