A tad late on this, but I bet you’re a little busy right now, too. We do have some interesting news to talk about, though, so let’s get to it. You can check out the full press release here.
The biggest takeaway to come out of the press release, at least for me, was the “S” word – i.e. supply. It’s still low.
Here’s a quick 4-county survey:
- Pierce – 1.2 months
- Snohomish – 1.3 months
- Kitsap – 1.4 months
- King – 1.9 months
Some additional, interesting tidbits:
- Prices are up 3.5% year-over-year across the entire NWMLS (22 counties)
- King County is down YoY (-0.4%), but it is up slightly from February. Considering the blistering pace prices rose here last year, I don’t think this should be a surprise to anyone