| Residential Status | August | July | June | May |
Sold | 519 | 580 | 522 | 477 |
Pending | 996* | 936 | 933 | 881 |
Active | 4,369 | 4,481 | 4,425 | 4,458 |
*474 went pending in the month of August - This information is courtesy of the NWMLS.
Is the housing market on the rebound? It's the big question these days, and since the networks are jumping on it, I figured I'd add my two cents as well! I believe that for the housing market to rebound, the "distressed" property (short sales and bank owned) inventory needs to be reduced or eliminated from the market. So for the next few months, I am going to track these percentages.This month what we're seeing is that short sales or bank-owned properties comprise 20% of the Snohomish county active listings, 26% of the pending sales, and 25% of August total sales. My initial evaluation is this - it's a good sign that there are more "distressed" properties under contract or sold than there are available. So let's keep an eye on this interesting statistic and see what happens over the next few months!
Current interest rates are hovering around 5.475%.