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between 2014 and 2023 on a typical new-built home, the Census reported. Some believe this has more to do with policy changes aimed at helping increase inventory. They’re shrinking the amount of lot [land] that we can cover with a new house, said Randy Ginn of Bellevue, Wash. Theyre preserving larger setbacks.
The market recalibration continues across King County with a sharp drop in newlistings, Pending sales and closings while prices decline. Inventories are on the rise, so much so that one area is now considered a buyer’s market. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5%
The number of newly listed homes more than doubled from December and increased moderately compared with the same time last year, according to data from the Northwest Multiple Listing Service (MLS). Total inventory remains low, however, keeping prices higher on an annual basis. Contact me for more information. bathroom , 1540 sq.
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