September Real Estate Update for Snohomish County

Monday, October 1. 2007

Snohomish County Stat Comparison	September	August	July	June
Residential Home Sales	586	833	794	942
Residential Homes Pending Sale	1,120*	1,131	1,593	1,444
Active Residential Listings	5,489	5,473	5,051	4,825

*429 went pending in the month of September.

Yes, Snohomish County real estate is not exempt! As you can see from the numbers, listings have increased, but sales are down and pendings continue to decrease. When will this end? When lending requirements “loosen up” for our first-time home buyers. I do see plenty of opportunities for buyers in Snohomish County that have the means to purchase. Sellers typically are not getting full price and are will to negotiate. Keep you eyes on the mortgage industry, because when it turns around, the real estate market is going to change in a hurry!

Interest rates have risen to 6.125% for a 30-year fixed with no points.

Posted by Joshua Koffler in Features at 11:13 | Comments (0) | Trackbacks (0)

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