Another nice
monthly wrap up by Redfin.
So far in August, we have seen record numbers of Redfin customers touring properties in Seattle, but buyers are very picky, and in no rush. Prices are going to stay down for the rest of the year, and probably longer.
This game of "chicken" will last until the Sellers realize that they have no pricing power. If you need to sell you have about 6 weeks left in the selling season. Otherwise, expect to hold your property until the Spring where you will be able to holdout for a lower price than now. Buyers...continue to wait it out and make low ball offers otherwise risk paying more than you could purchase for at Xmas.
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