KIRO Seattle/MSN headline: ‘Cups overflowing with options’ for Puget Sound homebuyers
Jordan Duncan - Friday
Inventory of single family homes and condominiums across the 26 counties served by the listing service has not exceeded two months since January 2019, when there was 2.3 months of supply, according to Northwest MLS.
“Today’s buyers have their cups finally overflowing with options as residential inventory grows to about two months of supply,” said Dick Beeson, managing broker at RE/MAX Northwest Realtors in Gig Harbor.
Beeson also said that sellers “are starting to see that overpricing just ain’t in the cards right now,” since inventory is so high and buy and seller expectations have shifted.