Monday, June 12, 2006
Is the market stabilizing?
Although this is by no means a scientific evaluation, I believe that the Western Washington Real Estate Market is stablilizing. I have noticed this myself, and many other agents in my office are noticing it as well. We are seeing more price drops, longer sale times, & buyer's negotiating more. These are all signs of a slowing market. It is my bet that resale homes will slow first while new constructions remains strong for the next 6 months to a year. What do you think?