Market Update - Don't Blink! 

Since 2012, the month of May has marked the high point in new single family homes coming on the market. Well this year looks a bit different since we’re all living the quarantine lifestyle, as May 2020 new listings were down 34.2% compared to May 2019. The low inventory has only had a moderate effect on price as King County has dipped 3.4% in King County and increased 2% compared to May 2019. The intense speed of the market is what has really caught my eye. Snohomish County homes were only on the market for five days before accepting and offer while King County was six days, which were both record breakers. Let that sink in, during COVID while we are all quarantined without the ability to attend open houses, we had the fastest real estate market EVER! 

For buyers – Don’t blink because you might see your dream home come on the market and get snatched up before you can make plans to see it. 

For sellers – The summer months will remain hot with all of the pent-up demand from buyers and low-interest rates. Don’t feel like you missed the typically prime selling months if you plan on selling later this year. 

We are going to take advantage of the fast paced market by selling our house in Shoreline that we have been remodeling for what feels like years. We are working hard to get it ready because we have the very important deadline; Ashton is due to deliver our baby boy on July 12th! I’ll post more photos of the house once we get it listed and if you’ve been reading my emails over the years you already know I’ll post baby photos. 

(Here is quick before and after of the back of the house - still a work in progress!)
Thanks for reading, I hope you enjoyed it and gain some value from these e-mails. Feedback is always welcome. I appreciate your support and hope you have a great week!