It's monthly stat time!
King County here's how you stacked up in April 2021 vs. April 2020:
2,047 more new listings this year in April. (We have Covid to thank last April for what seems like a large differential this year.)
1,545 more closed sales this April.
Average days on market down by 3 days to just 13.
Inventory down from a 1.7 month supply to a .6 month supply.
Median sales price up by $95,000 to $750,000.
Inventory did not change from March to April this year and we definitely feel it. Bidding wars still continue across the board with many sellers taking early offers before their review date even has a chance to arrive. Though I feel like I'm seeing a bit more inventory start to appear this month, it's getting snatched up equally as fast.
I say it every month, but NOW is the time to sell. There hasn't been a market quite like this in my 16 years of selling, so trust me when I tell you, you likely won't be disappointed with the results. If you've been considering a move, I'd be glad to chat!