Fall Frenzy

The August housing market data was released this week by the Northwest Multiple Listing Service. In King County, the median price of a single-family home saw an 18.2 percent price increase from a year ago. After record-breaking price increases in August and July, the Spring home-buying frenzy apparently didn't take a summer vacation. Although the "luxury" market (homes priced above $1.25 million) saw longer days on the market, competition remained fierce for homes below $1 million. Combined with low inventory, the buying frenzy doesn't show any signs of slowing down as we move further into Fall. If you're a buyer, make sure you're prepared (mentally and financially) to act quickly when you find the "right" home. If you'd like a copy of our Buyer Checklist, click on "Contact Us" at the top of this page to request one.

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