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I've noticed several houses over the last month or so that haven't sold anywhere near as fast as expected. Around here (Greater Seattle area), houses have been
by Twirrim 8y ago
I've noticed several houses over the last month or so that haven't sold anywhere near as fast as expected. Around here (Greater Seattle area), houses have been selling in a matter of days: On the market by Wednesday, open house at the weekend, offer accepted on the Monday.
If there had been just one house not selling that fast I'd have assumed overpriced, or something noticeably wrong with them, but even the new builds are struggling to sell at a price that would have been market competitive back in July / August.
- girzel 8y agoMy brother put his (Seattle) house on the market about a month too late. What he was expecting to move in days took two months, and at a significant reduction in price. Something definitely changed around mid/late-summer.
- Qworg 8y agoThe current chill with China is one of the rumored causes - less investment money coming to the US.
- donavanm 8y agoCheck out https://seattlebubble.com https://seattlebubble.com. Numbers started changing in May, was “obvious” in sept. Average time on market is up to about two weeks. Was single digit days back in Q2. I still see in demand property going same day. Inventory is up, sales flat to down, prices mostly flat. Way beyond seasonal demand changes. Will be curious to see what happens in Q1/Q2.
- conanbatt 8y ago>. Average time on market is up to about two weeks. Still insane.