Wondering what the Federal Way WA Real Estate Market Trend is for September 2011 to 2012? Well look no further. We are going to break down what is happening with this local market so you can be an educated buyer or seller.
The first set of statistics we are going to share is supply and demand. This is a good indication of what direction the market is moving. The chart below will give you the indication of the amount of homes for sale each month and the amount that have sold. As you can see the amount of homes coming on the market are decreasing while the amount for sale are increasing. There are 227 fewer homes on the market in September of 2012 than the previous September. With fewer homes on the market it makes it more competitive for buyers to the right home for them. Again, supply and demand is the best indication that if the market is not quite moving up, it is stabilizing.
Now, lets take a closer look at the amount of inventory. How do we calculate Months Supply of Inventory? We take all the homes on the market and divide it by how many homes have sold. The number you are left with is how many months it would take for all of the inventory to sell. That is if nothing else came on the market. The blue line above is the average days on market. As you can see things are not staying on the market as many days. That is trending down with the inventory. Now as you can the months supply of inventory is very low. If the month supply of inventory stays low the chances of prices going up increases. Demand grows and so do prices. The Federal Way WA Real Estate market trend is moving to a stable market. If inventory stays low we may even move into a sellers market. What will that do to home prices. Let's look at prices so we can see how the supply and demand has affected the home prices from Sept 2011 to Sept 2012.
As you can see the sold prices in Federal Way have increased 35% since last September. This is a great sign for market recovery in Federal Way. Inventory is still low, so do not plan on this number moving down. It may level out, but it will not move down as long as inventory stays low. Buyer on the fence, this is the sign you have been waiting for. With rates at record lows now is the time.
This data was pulled from our local Multiple Listing Service. This should give you a good indication of the Federal Way WA Real Estate market trend. If you want a more detailed analysis for you neighborhood, let us know.
Author:Gini Anderson Phone: 253-988-0180 Dated: October 26th 2012 Views: 876 About Gini: Making Clients For Life!
Gini strives to go the extra mile to help you achieve your goals. Because ...
About Anderson Homes & Land / Keller Williams Puget Sound
For Our Puget Sound Home BUYERS! – Our goal is making sure your Puget Sound real estate buying experience is extraordinarily successful! We will provide you with exceptional service through every step of your home buying process. Let's get started!
From this site you can Search your favorite Puget Sound listings from the convenience of your home. And You will be the first to get new listings that match your criteria! Our "For Buyers" Section is your source for the latest tips, real estate checklists and free reports. Take advantage of our 26+ Years of NW real estate experience as we guide you through your real estate transaction. We can provide you with specific Community information and refer you to some of the top professionals in the lending industry. We get the job done for you and are responsive to all your Puget Sound real estate needs. We will provide you with prompt service, communication, personal guidance and professional competence from contract to closing!
Financial advice – Our lenders are seasoned professionals and offer you guidance tailor made for your individual mortgage solutions.
SELLERS! - As Puget Sound real estate specialists, we know what it takes to sell your home. We bring expert knowledge, valuable experience blended with the latest technology, comprehensive pricing strategies, a well-defined marketing plan, preparation & Staging consultation, vast exposure to your listing, networking with industry professionals, enthusiasm and the satisfaction of a job well done. Our "For Sellers" Section is Your source for the latest tips, checklists and free reports Personal Consultation - 26+ Years experience and knowledge you can rely on. 30 Years of design and Staging experience for sellers. Relocating - Everything you need to know about the neighborhood and a community’s amenities. If you are planning to put your Puget Sound home on the market, please browse our blogs and our website for valuable information on preparing your home for sale, pricing your home right, marketing it effectively and the home inspection processes.
We are passionate about real estate, love the Puget Sound area and stay on top of the latest trends so that we can better serve our clients.
Buying & Selling by Design, your Success is our Success!