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January Housing Update by Karen N. Lindsay in Snoqualmie Valley Record

Karen N. Lindsay, John L. Scott Managing Broker | Snoqualmie Valley Record

The year 2018 is off to a robust start in the residential housing market. In Snoqualmie, we have 50 percent more pending sales in January than we did in December, 2017.

The high sales activity is impressive because there are not a lot of homes available for sale right now. Inventory, in other words, is drastically down. For the new listings that are added to our local marketplace, the majority of them are gone in less than one month.

Perhaps because of the high demand, prices continue to increase. Prices in Snoqualmie have risen 6.8 percent since December, and we continue to see multiple offer situations. While we have more homes available for sale now compared to last month, the current inventory is still not enough to satisfy current buyer demand.

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