Shrinking Inventory Puts "Stranglehold" on Sales Around Western Washington
Here's a Quick Summary of the April Real Estate Market
Residential Home PRICES ARE UP +10%
Number of Homes Available INVENTORY IS DOWN -25%
"The real estate market is going absolutely gangbusters," remarked OB Jacobi, president of Windermere Real Estate. "The remarkably low number of homes for sale can be blamed for the drop in sales," he emphasized, adding, "The uptick in interest rates at the end of last year has clearly done nothing to slow things down."