A new year, the same problem.
The number of homes sold in Snohomish County dipped year over year in January. The problem isn’t lack of buyers, but lack of homes, according to real estate agents.
Only 836 homes were sold in the county in January, according to the Northwest Multiple Listing Service. That’s down 10.87 percent from the previous year when 938 homes were sold.
Prices for the sold homes were up 12.17 percent year over year. The median home price for the county last month was $426,250. In January 2017, the median price was $380,000.
It’s a trend that’s been happening for more than year. John Deely, principal broker for Coldwell Banker Bain in Seattle, said in a statement that pent-up demand from buyers is stronger than ever.
“Sellers that have put their properties on the market early this year have less competition and are seeing multiple offers,” Deely said. “Open houses are experiencing heavy traffic with hundreds of potential buyers attending.”