As a matter of fact in March for King County there was only a net increase of 85 new listings to choose from and in Snohomish County only 21.
This is doing nothing to help alleviate the serious shortage of available homes to buy. A healthy inventory should be between 4,000 - 8,000 listings. However, we remain at an anemic level 3,258. We need at least another 1,000 listings to come on the market to get to a healthy supply level.
Home prices are heavily influenced by supply and demand. While the spring home buying season heats up and demand grows watch for prices to continue their rise.
