We are in an interesting spot right now regarding the real estate market. In some areas and price ranges, homes stay on the market for a lengthy amount of time, in others, there are multiple offers and the homes do not stay on the market hardly a week. Both of these scenarios I've experienced within the past month. So is it a seller's market or a buyer's market right now? Well, that depends on what price range you are wanting to buy in and what areas. Let's take a look at the month supply of homes that's currently available in King and Snohomish County. The month supply of homes is the of the amount of homes currently available on the market divided by the amount of pending sales. Available Inventory / Pending Sales = Month Supply . When the month supply of homes is above the six month mark that usually signifies a seller's market. When the month supply of homes is below the 6 month mark that shows a buyer's market. So where are we at right now?

I've included a chart for both King County and Snohomish County that shows what our current month supply of homes are in ALL prices ranges, both new construction AND resale, and for both single family homes AND condominiums. I decided to keep things simple and just show one chart. However, keep in mind these statistics start changing when looking at different prices ranges and whether or not you are interested in resale or new construction. If you would like specific information regarding these different scenarios, be sure to email me at: beaubetts AT johnlscott.com.

Snohomish County as of September 1, 2007

King County as of September 1, 2007

Also, I will try to keep these charts updated for you to see as the months go on so you can see where we are at.