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

Snohomish County Real Estate Market Trends

November 2017

Watch this special Holiday version of our market report below, as we bring you up to speed on our Snohomish County real estate stats. We want to share with you the opportunity that some of our clients are finding with buying and selling during the Holidays!

There is an element of seasonality in home sales, so that’s why we compare market stats year over year, for example, November of 2016 to November of 2017. The market follows certain trends, which are important to know about as we develop a strategy to market and sell your home. Here’s what we’re seeing this month.

  • It continues to be a sellers market. Homes are going on and off the market much faster than last year.

  • With even lower inventory, prices remain high.

  • There’s talk of the federal reserve raising their interest rates - meaning that buyers could also face higher interest rates in the future. Buyers should act now and take advantage of today’s low rates, even if prices are high. It will benefit them in the long run.

Watch our video below that goes over the exact numbers for November 2017 vs. November 2016.

Take Advantage of the Hot Market!

As we’ve said before, there hasn't been a better time to be a seller in the last 17 years than right now. December is an interesting month because many buyers and sellers take the month off. This means that you could hit it big on either side - as a buyer, you’ll benefit from less competition and could come away with that house you love without fighting your way through a multiple offer situation. As a seller, your advertising and promotional efforts will make your home stand out even more to all the buyers that are on the market, driving the same levels of interest with less competition. Just make sure you read some of our blog posts on selling your Snohomish County home for tips on how to drive up that demand.

The market is hot right now, and you can use the holidays to your advantage. Get in touch below so that we can go over a strategy for you and find you a great deal!