What was the market like in 2017? What should we expect from the rest of 2018? Here are my observations.
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Today we’ll be discussing our market recap for 2017 as well as some predictions about what’s to come in 2018.
From December of 2015 to December of 2017 in King County, we’ve seen $127,000 of appreciation for homeowners of single-family houses. Heading into January of 2018, we had 28% less inventory than we did in December of 2016.
“The market for 2018 will be aggressive.”
With that in mind, here are my predictions for 2018:
With 28% less inventory, we’re going to continue to see multiple offer situations on homes and offers above asking price. It’ll be aggressive, so if you’re looking to buy and get a good deal, we have a proven strategy to help you do that. If you’re looking to sell your home stress-free and for top dollar, we have a strategy for you as well.
There are a lot of steps to buying and selling a home in this market. The one step that you need to remember is to give Kwasi Bowie & Associates a call so we can guide and advise you through the rest of the process.
If you have any questions or real estate needs, feel free to contact us. We’ll help you meet your real estate goals for the coming year and beyond.