Seattle's Population Continues to Grow, Increasing the Demand for Housing
The real estate market across the nation continues to accelerate, with a continuous cycle of higher home prices and lower inventory. A recent Curbed article has taken a notice of these recent patterns and the increased pressure of purchasing a home around Puget Sound. While prospective buyers navigate rough waters, home sellers are finding that their homes are selling quick, often with multiple offers.
Seattle has topped the leaderboard of being the hottest market for over a year, and patterns from the local area are now being seen in different locales across the country. Many agents are finding this to be the most competitive market they have ever seen, and buyers are starting to feel to pressure. According to Curbed, buyers are simply “tired of looking at homes and losing bidding wars.” This has caused stressed out buyers who will do anything to have the opportunity to buy the house of their dreams.
What can we do to remedy this? The solution may be simpler than you think. As seasoned veterans of the homebuying process, real estate agents are equipped to help guide you through this time of uncertainty. A recent blog from Realogics Sotheby’s International Realty was published to dispel the myth that in a busy market, sellers don’t need an agent.
The blog included insight from several experienced agents who understand the local housing market inside and out. It may be easy to think that your home will simply sell itself in today’s busy climate However, when you have a knowledgeable professional on your side, you can find greater success through negotiations, marketing opportunities and overall insight available to you. If you are considering the purchase or sale of a home, please contact me with any questions you have.