Are plants blooming at your home? They are at ours. And, officially, Spring is just days away. But, this is the PNW, so anything is possible (we have had snow in April!). I've said it before, but when we moved here, thunderstorms/lighting were RARE -- as in the lead story on the nightly news. Now, we have multiple days with thunderstorms and lighting strikes all around (and, unless there is some major damage, not even mentioned on the news). WOW!
Interesting info from NWMLS (Northwest Multiple Listing Service) this month. The number of homes available for sale increased 39.4% compared to last year. Yet, we have less available inventory based on sale rate compared to last month (2.75 months for January, 2.45 months for February). Which just means we are still in a strong seller's market with properties getting multiple offers and above asking prices (as long as the property is well presented and well priced). How that last part plays out is that I see properties sit and sit -- 100+ days -- because the seller and/or broker expects too much from the market for what they have to sell.
As far as mortgage rates, they went down -- 6.95% to 6.76% (Wheeee!) This really doesn't help when the median price for a home is continuing up. (Mortgage Rates Since 1971)
As always, I'm available to talk about your plans and/or anything I've mentioned above.
Until next month...
