What's Selling on the Mountain?
The summer selling season has started a bit slower this year. Kick off typically surfaces right around the 4th of July but things are different this year with fewer pending sales and less inquiries for properties.
The past six and a half months leave 18 pending sales still not closed at this point in the year. Of that 18, around 12 sales pending are under the $300,000 range. Last month's market statistics showed a 44% decrease in sales from a year ago May. I anticipate this number will increase after June's numbers come out to press.
Last year when other areas of the country were singing the blues the Northwest held steady in sales. I am finding we are finally feeling what the rest of the country has been experiencing, although not as severe, but a year later.
Increased inventory, great interest rates and motivated sellers make for a great playing ground to purchase right now!