The most notable aspect of the December 2011 stats is the continued trend toward high pending sales volume despite the softening of sales prices. Listing inventory is down markedly compared to inventory levels for the past three years in the month of December. With interest rates below 4% buyer interest has remained very strong and multiple offers are not unheard of–albeit at much more modest prices than in years past. Having been burned once, buyers are cautious of overpaying and are negotiating for a fail-safe price.
December 2011 Statistical Reports for Mercer Island, Seattle, Eastside and King County
About Julie
Julie is the owner-broker of Windermere Real Estate on Mercer Island. She has 27 years experience in the real estate business and is actively involved in the Mercer Island community.
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Julie
January 13, 2012
Monthly Reports