The latest home sale numbers give local real estate professionals confidence that the Seattle area’s housing market has bottomed out.
“It feels like we have hit the bottom of the market,” Lennox Scott, chairman and chief executive officer of John L. Scott Real Estate, said in a news release accompanying the Northwest Multiple Listing Service’s report on June home sales, released Wednesday. “Buyer confidence has definitely returned.”
The number of sales in King County was up 0.6 percent from a year earlier and 12 percent from May. Pending sales, which may not close but represent more-recent activity, were up 35.6 percent from a year earlier but down 3.4 percent from May.
In some areas the Seattle Real Estate market has bottomed out. If you have any questions or would like to know my opinion about what areas I am investing in myself. Please contact us 206-334-8773
Posted via Seattle Real Estate-Seattle Homes For Sale
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