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TV Reports on Washington Real Estate

Over the weekend, our local television media reported that the national real estate slump has finally hit Washington State. They didn't echo the "doom and gloom" stories that we're hearing from around the country, but they also didn't elaborate very much with their figures. I believe these numbers are specific to the Seattle Washington real estate market ...

  • median price falls just under $400,000
  • real estate inventory is up 50% from this time last year
  • sales are down 17% from this time last year

The NWMLS should release their monthly statistics for October in the next week or so and all of us in the Pacific Northwest are anxious to see their official report.

washington real estate

Posted Monday Oct 08

Welcome to the club. Hope it's shorter for your market.

(10/08/07 12:12PM) — Terry Osburn, Broker Associate

Unfortunately, most of the nation is in this boat. However, instead of focusing on the negative aspect, look at how many opportunities you have to find buyers for all those homes...makes it a game and challenge instead of freaking you out......

(10/09/07 10:38AM) — Larry Wright

Thanks Maria & Terry ... I view this as a correction in market activity. 

(10/11/07 01:27AM) — Debi Wright

Hope this influences the speculators to exit the market until things settle down and get back to normal.

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