Nova Shank Real Estate
Nova Shank
206-316-9208206-316-9208

Cooling before the Storm.

We are starting to see a cooling in the market, why? I believe because the cash buyer pool is only so big, and spec builders have been building homes that out pace the income of the buying market. Yes, we have a prosperous buyers market, but after that 900k mark, the pool of buyers shrinks dramatically. So we are seeing homes over that price point, sit. And with more spec homes being finished because the builders started building in the peak high, we are now seeing them sit, because the buyer pool at this price point is thinning out. So there could be some deals happening if you are in the Million Dollar range. And for you buyers with that 5-15% to put down on a home, it is your time to start buying, because your competition has been reduced. #seattlerealestate #seattlebubble

 

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