Feb 2017 Neighborhood Update – Snohomish County

The local real estate market remains very hot with extremely low inventory and prices that are rising faster than anywhere else in the country. However, that rate of price growth appears to be cooling from last year, dropping to its slowest pace in three years. Predictions of more interest rate hikes may further limit price increases. Those considering to sell their home may want to take advantage now of this perfect storm of record-low inventory and record-high prices.

Snohomish County

Click image to view full report.
Click image to view full report.

After months of double-digit price increases, Snohomish County may be starting to experience the same market softening as King County. The median price of a single-family home in Snohomish County rose 8 percent as compared to a year ago to $410,000. Tight inventory continues to be a problem. There are 40 percent fewer homes on the market here than the same time last year.

Read the full article on Windermere Eastside.

Posted on February 13, 2017 at 2:27 PM
Samir Elaraby | Category: Neighborhood Update

Leave a Reply

Your email address will not be published. Required fields are marked *