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Friday, June 26, 2009

Have we bottomed out?

Don't look now, but there is abundant evidence that Seattle has already seen the bottom of the real estate market. So if you've been waiting for prices to drop more, you may have waited too long. More and more homes -- when they are priced fairly -- are selling within the first 2 weeks on the market, and many of them are even receiving multiple offers again.

Happily, interest rates are still low (though not as low as a month ago) and there is stil about a 4 month supply of homes. So although we are still in a buyer's market, this too shall pass. If you've been on the fence about buying a home, it's time to reassess.

Want more info or help in assessing your situation? Give me a call for a no-obligation consultation. 206-708-9800

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