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Snohomish County August Real Estate Market Report from Mike Novak on Vimeo.

Snohomish County Real Estate Market Trends

August 2017

The most important thing you can do when buying or selling a home is understand the market and plan accordingly. At the Novak Team, we provide you with insight into current market trends to help you make the best decisions. This months market report video will show what's happening in Snohomish County real estate in August, 2017.

The trends we've seen all year during 2017 are continuing - hot markets that favor sellers. Houses continue to move quickly on and off the market, and inventory levels remain low. Experts claim that a 6 month supply of homes means a balance market, and, well, we aren't even close to that with only a 1.3 months supply. What does this mean? If you're thinking of selling your home, don't wait! You have a huge edge. 

We are seeing quite a few price reductions, which we explained in July's Snohomish market research video. Basically, you'll want to make sure you don't come in too high with your price in order to really impress the market and put yourself in a multiple offer situation. Here's a few other things you can do to generate a higher net profit out of your home:

  • Get in touch with us early so that we can create a strategy specific to your area and situation. Planning is everything, and the time you take before you list will make a huge difference when the offers start coming in! (fill out the contact form below and we'll get you a free copy of our marketing/sales plan.

  • A few simple renovations/improvements that offer great ROI.

  • Take a look at our three different pricing strategies

Just because it's a sellers market doesn't mean that it's not also a great time to buy! Interest rates are low, which will save you a ton of money in the long run. Get in touch with one of our buyers agents, we have a lot of experience in negotiating a great price for buyers.

Get the specific numbers in this months video, and make sure you get in touch below so that we can talk about strategies for you going forward.