JLS Broker Jon Bye, based out of the Kent North office, was on King 5 this morning! He talked about how the lowered absorption rate combined with an increase in inventory are two major factors affecting the buying and selling market right now.
“This is the most inventory that’s been put on the market in one month since 2008,” Jon said. There more more than 14,000 new listings in May.
He also noted that right now there’s more “opportunity for buyers” in the current market. To watch the rest of his 3 minute video click here.