Predictions for 2012 …

Posted: January 5th, 2012 by Brad

We have reason to believe 2012 will be a good year for an improving residential real estate market in Seattle and surrounds. Here are some compelling facts:

·  Sales in our regional market increased by 35% in 2011
·  Our team sales volume increased by 65% in 2011
·  North Seattle home sales outpaced new listings (not seen since 2005)
·  Existing home inventory is at a five year low
·  New home construction is at a 40-year low
·  Home affordability is at a record high
·  Rental market is less affordable
·  Demand for homes continues to strengthen
·  Seller concessions are decreasing (in some cases nonexistent)
·  Investors have returned to the market
·  Stabilizing or stabilized prices in areas
·  Improving consumer confidence
·  Rebounding job market

Whether the housing market will come roaring back to life remains to be seen. What is inevitable; hindsight is 20/20 and we won’t know when prices will rise until they’ve already risen.

Curious about what the market is doing in your neighborhood? Call us (866) 766.7325

4 Responses to “Predictions for 2012 …”

  1. February 14, 2012 at 10:43 pm, Patty Davis said:

    Great Website Son!

    Reply

    • February 29, 2012 at 6:05 pm, Brad said:

      Thank you! We’ve been hard at work providing a quality, online real estate resource.

      Reply

  2. March 14, 2012 at 6:17 pm, Marisa said:

    These are all great indicators that we are at the bottom. I think it is easy to get lost in all the national headlines. Your post reaffirms that the Seattle real estate market IS a terrific place to buy a home.

    Reply

  3. January 18, 2013 at 8:49 pm, Predictions for 2013 | JustRealSeattle | Seattle Real Estate | Selling Seattle Homes said:

    [...] We forecast at the beginning of last year our housing market would continue its recovery, and that 2012 would be a good year for real estate: http://justrealseattle.com/2012/01/predictions-for-2012/ [...]

    Reply

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