Mukilteo Condos Months of Inventory Now a Sellers Market

By , October 8, 2013

Mukilteo Condos Months of Inventory Now a Sellers Market

One gauge that we use is called “Months of Inventory” which is a term we use that captures the absorption  rate in the market. That is,  what is the amount of time it would take to sell all current listings at the current sales pace if no new listings became available?

In 2011 Mukilteo Condo Inventory was on a upswing from five months of inventory in the start of the year (January 2011) which was advantageous to sellers. The following month in February 2011 it rose to 12 months of inventory which was in the favor of buyers.

Mukilteo Condos

Mukilteo Condos

Mukilteo Condos

Mukilteo Condos

 

In September 2013 it is back to five months of inventory which is approximately the same as two years ago which may correlate with job gains and losses in the greater Mukilteo/Everett area.

From this number it shows that it is currently a sellers market for Mukilteo Condos. This can change at any time.

So if you are thinking about selling your condo in Mukilteo this may be a great time to sell.

Contact us for a FREE market analysis at (425) 290-3114.

 

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 * Source: Northwest Multiple Listing Service (NWMLS.) The NWMLS did not compile or publish this information. Information is believed to be accurate but should not be relied upon without verification.

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