The Housing Shortage is Real
You have heard it before. There is a shortage of homes for sale. To drive that point home, I’ve taken a snapshot of homes for sale. Yes, it is the week after Thanksgiving but this only exacerbated what has been going on for not just months but years. Take a look at the three-year trends I provide on SeattleRealEstateNews.com.
We are running out of homes to sell.
As you can see, the downward trend in listings has been going on for over two years. With a few exceptions, notably for condos in downtown Seattle, this is true for most of the over 50 zip codes you can search there. For example, take a look at the three-year trends in the 98004 zip code of Bellevue, the 98021 zip code of Bothell, and the 98034 zip code of Kirkland.