November pending sales hit record highs while new listings dropped to 11 month lows. Single family homes and condominiums inventory dropped by 13%. However, there was a 31% increase in closed sales compared to this time last year. Many speculate that the surge in buying was due to the increase in the interest rate. The median price of a home rose from $432,000 to $497,500 which was 15.16% increase than 2015. The average time on the market was 6 days less than this time in 2015. New listings for homes and condos in King County increased 9.1% from 1,796 to 1,960.
I have been helping first time home buyers, real estate sellers, corporate relocation clients, and real estate investors for over 10 years. I am currently offering two promotions to help save you money on your next purchase or sale of a home. Buy any home in the area from me and I will give you a rebate up to 50% of my selling office commission plus a 1 year home warranty. Most lenders will allow you to use the rebate to pay for closing costs, buy down your interest rate, pre-paid items, and HOA dues. Sell your home through me at full service for 1% listing fee. Restrictions may apply, contact broker for details.
For more information – please call Neil Ahluwalia with Agency One directly at (425) 757-0271 or visit www.BigHomeRebate.com