I know many of you are wondering why we have seen such an increase in housing cost and lack of inventory. Well just take a few minutes to read Matthew's report. Western Washington continues to grow in the job sector especially in the tech markets.
The Washington State economy has added almost 370,000 jobs since the lowest point of the recession at the start of 2010. Additionally, total employment is 176,000 jobs higher than seen at the 2008 peak.
The Bellevue and Seattle Metropolitan areas are showing a average market time of 31 day. While this average includes all of king county, in many markets within King County market time is less than 7 days. Many of the homes that sell within 7 days are because the Sellers and Listing Brokers have determined to wait 7 days prior to reviewing offers.
To read the report in its entirety click here