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Selling your home these days isn’t as simple as it used to be. With the explosion of real estate marketing on the Internet, prospective buyers can do their initial home shopping online. While this means that your listed property will be viewed by more prospective customers, it also means that many other properties will also be showcased, making for a much more competitive market.

While sales in the existing home market are expected to take a tick up early in 2019, there is a lot of concern about raising interest rates and economic uncertainty in the future. We are also looking for increasing inventory levels to start as early as March of this year with predictions of the greatest amount of housing inventory to hit the market in five years by May.

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Thinking of buying in 2019?  This might be your year!  The Northwest MLS January press release highlights how the market started out 2019.  Here are a few key points:

  •                 Increases in pending home sales of nearly 7.5% in King county, and 3.8% in Snohomish county
  •                 MLS members added 7,090 new listings of single family homes and condos during January, up from 6,805 in January 2018
  •                 16 counties, including all four in the Puget Sound region, reported more inventory than a year ago.
  •                 Prices have  increased area-wide with a gain of just over 5% on January’s 4,865 closed sales of single family homes and condos.

Read the full article below.

KIRKLAND, Washington (February 7, 2019) -…

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