Too Many King County Homes for Sale

 

The new reality: some sellers get it and…

 

Problem: There are a ‘lotta-lotta’ homes for sale—and, they stay ‘For Sale’ a long time.

Average days on market for King County ranged between 102 and 175 the past three months. To put that into perspective, October 2005 averaged 37 days on market.

To buyers’ advantage, nearly a third of Seattle homes took an average 9% price reduction in September 2010.

With inventory continuing on the increase, it appears that there is a lot of hard-core seller denial out there. And, admittedly, it’s hard to admit that we’re in a new place in real estate. But the numbers say we are…

No showing activity? Then a price adjustment should be seriously considered.

It’s a case of “Price solves everything.”

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