January Real Estate Update for Snohomish County

Thursday, February 1. 2007

Snohomish County Stat Comparison	January	December	November	October
Residential Home Sales	501	729	720	836
Residential Homes Pending Sale	1,205*	1,134	1,408	1,589
Active Residential Listings	3,112	2,817	3,425	3,525

*501 went pending in January

The first month of 2007 is behind us. In the real estate market we started to see an increase in activity from buyer traffic and new listings, and the activity in my office has picked up. We are approaching the busiest months in real estate, and I expect the real estate market to be strong for both buyers and sellers. Currently we have a saturation rate of 2.5 months worth of inventory, and we are getting closer to an even playing field when it comes to a buyer’s or seller’s market.

Interest rates remain around 6.25% for a 30-year fixed with no points.

Posted by Joshua Koffler in Reports at 09:03 | Comments (0) | Trackbacks (0)

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Windermere Real Estate / Lake Stevens, Inc.
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