Thank you for another great year. As we head into 2016, here is some real estate info and articles that summarize 2015 and what to expect as we enter into the new year. Cheers!
Median single family home price in Seattle is now $598,000, up 19.85%, year over year from Nov 2014 to Nov 2015 (NWMLS)
Median condo price in Seattle is now $349,000, up 17.51%, year over year from Nov 2014 to Nov 2015 (NWMLS)
Supply remains low with housing inventory hovering around 1 months worth. Sellers are encouraged to market their homes sooner in 2016 as buyer demand is still very high. Buyers can expect the interest rates to notch up but in small increments which keep in mind are still historically low rates.
Take a look and let me know your thoughts. I’m always here to help.
- Rosemary
http://www.fool.com/investing/general/2015/12/11/heres-your-guide-to-2016-interest-rates.aspx
http://www.bizjournals.com/seattle/morning_call/2015/12/seattle-home-price-increasetops-nation.html
https://smartasset.com/mortgage/what-is-the-cost-of-living-in-seattle