We already know that Seattle's housing inventory is at potentially-record lows. But maybe part of the problem isn't just that inventory is low but that said inventory is rather stale. Redfin published a report today that finds 59% of active listings in the Seattle area had been on the market for more than a month as of March 31. That's better than how it was in Q4 2014, but, not by that much. According to Redfin agents, a home that's been for sale that long in this hot market is likely overpriced or in need of serious work. You've been forewarned, buyers, do your homework and don't just settle for what's available.
· Homes For Sale or Homes Gone Stale? [Redfin]
· Seattle Housing Inventory Is Now The Lowest Since 2007 [CS]