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January 2018 is a Seller’s market in 98032*
If you are thinking of selling this spring in the 98032 zip code, now is a great time! Inventory is down, there are lots of buyers and not a lot of homes for buyers to choose from.
Home For Sale in January 2018: 2586 units.
| • | Down 9.3% compared to last month |
| • | Down 17.5% compared to last year |
There were less homes for sale in the 98032 zip code in January 2018 than December 2017 and January of last year
Home Closed in January 2018: 2171 units.
| • | Down 34.6% compared to last month |
| • | Down 15.4% compared to last year |
Less homes closed in the 98032 zip code in January than last month and January of last year
Home Placed under Contract in January 2018: 2913 units.
| • | Up 34.3% compared to last month |
| • | Up 5% compared to last year |
There are more homes in 98032 zip code that went into contract in January than last year and last month.
*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales
