December Real Estate Stats for Snohomish County

For those of you that live in Snohomish County, here's the December real estate statistics:

Snohomish County
Stat Comparison: December/November/October/September
Residential Home Sales: 288/241/371/437
Residential Homes Pending Sale: 465*/459/470/556
Active Residential Listings : 4,049/5,019/5,305/5,565
*202 went pending in the month of December.

I won’t give any predictions for the 2009 real estate market but I will say that families will always have a need for housing! We are still seeing a very strong buyer’s market with low interest rates, ample inventory and motivated sellers. Keep in mind that real estate is a long term investment! On the listing side I’m seeing an increase of “distressed homes” coming on the market and daily price drops, as more and more people are facing the possibility of losing their home. If you find yourself or someone you know in this situation, understand that you have options. I can help you negotiate with the bank for a loan modification, or facilitate a “short sale” to avoid foreclosure. Don’t hesitate to call me today to get the help you need. I’ll put my knowledge and experience to work for you!

Interest rates have dropped to 5.325% with no points.

Joshua Koffler, Nine36 Financial (936 Financial)