January Numbers to Know

The following graph depicts single-family home sales in the city of Seattle. Overall inventory continues to drop which is a good thing to see for the health of the market. Pending sales are down from a year ago but up from the past few months. This potentially points to more activity from buyers in the new year. As we begin the spring buying months, I expect these numbers to creep up a bit more. Ideally, the $8,000 tax credit acts as a catalyst to move sales up even more.