January Real Estate Update for Snohomish County

Friday, February 1. 2008

Snohomish County Stat Comparison	January	December	November	October
Residential Home Sales	343	441	445	544
Residential Home Pending Sales	768*	743	868	997
Active Residential Listings	4,644	4,239	5,021	5,404

*397 went pending in the month of January.

Interest rates have dropped, available inventory is up, and the local economy is strong. What does this all mean? We are in a strong buyer’s market. If you are looking to buy, now is the time! Home selection is tremendous and interest rates are at a 4 year low. I'm already seeing a increase in buyer traffic and an increase in inventory - the housing market is starting to pick up!

For a breakdown of January’s sales by price go to SalesBreakdownbyMonth.xls .

Interest rates are still hovering around 5.5% with no points.

Posted by Joshua Koffler in Features at 09:14 | Comments (0) | Trackbacks (0)

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