Seattle Condo Statistics
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Real Estate follows the basic economic principle of
supply + demand drives market value
Seller's market: less than 3 months of inventory based on closed sales.
Buyer's market: more than 6 months of inventory based on closed sales.
Neutral market: 3-6 months of inventory based on closed sales.
The real estate strategy is the long game...
Despite the ~2008 great recession driven by high risk loans and lots of inventory, homeowners have made incredible gains. Historical data shows us that owning a home with a static mortgage payment puts your cash to work, often above inflation and most money markets.
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