What’s Happening in the Market?

Buying/Borrowing Power is now up 12% due to extremely low interest rates (Roughly 3.70%) compared to this time last year while prices are continuing to climb and have reached 2018 prices in most areas. November pendings were up 20% over last November effectively reducing available properties towards all-time lows where we are currently standing at 1.2 months of inventory. There doesn’t seem to be any relief in the near future with a flood of new tech jobs entering the marketplace, but Buyers are still being very selective about purchasing properties that are in turn key condition.

First posted at windermere-bellevue.com

Posted on December 11, 2019 at 5:50 pm
Oleg Doukhnevitch | Category: Real Estate News | Tagged , , , ,

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