Ever experience a feeling of da-ja-vu…? The Seattle Eastside Real Estate Stats for Nov 2011 are feeling so familiar, it’s like a little da-ja-vu, all over again! November 2011’s stats are looking so much like October 2011, only better! Here are the highlights of how our market is improving:
- Active Inventory Supply is down over Nov 2010 by 23%
- MTD Closed Sales are up over Nov 2010 by 54%…HUGE!
- YTD Closed Sales are up over Nov 2010 by 13%
- Months Supply of Inventory is averaging 3.7 months vs. 5.0 months in Nov 2010…down 26%
Did I mention the colored map is moving into more yellow (Balanced market!) with some markets a solid red (Seller’s market!)?! Exciting news! During this time of year, inventory is generally down, making it a great time to be a seller…less competition, and if you’re the best of the inventory, you’re prime for acquiring a great sales price too!
So if you’re still wondering about the Seattle Real Estate Market, call me! I’d enjoy sharing more of our local market…to put a real-feel on the overall economy…check out the economics on the holiday shopping (nationally)…very encouraging!