Our market shifts from a buyers’ market (tons of inventory) toward balanced market and even some “red”sellers’ markets (little inventory and multiple offers from buyers).
Statistics ( drawn from Northwest Multiple Listing Service) through October 2009 in the Seattle/King County metropolitan area.
- Red means a seller’s market where the inventory is low, buyers might be competing for properties.
- Green means a buyer’s market where inventory is plentiful, sellers might be lowering prices, and making concessions to buyers.
- Yellow, means a balanced market favoring neither buyer nor seller. A level playing field - inventory-wise.
Thanks for reading our blog. Shannon Graf at Windermere Real Estate/East Inc. compiles these wonderful graphs.