Record Number of Leavenworth Homes for Sale
Leavenworth has too many homes for sale. End of Story.
Leavenworth Real Estate News
Each year the number of homes on the market waxes and wanes throughout the seasons.
In Leavenworth, like most areas in the United States, home sellers put their homes on the market throughout the spring and summer months. Because of the snow and wintry conditions, it’s common for some sellers to pull their homes off the market for a few months in the winter.
At the same time, some homes are coming off the market because they have sold, or because they have given up trying to sell.
The number of homes being sold is never at the same rate as the number of homes being put on the market, so by the end of the summer we have a large number of homes for sale. September and October always seem to have the most homes for sale.
During the fall, fewer new homes come on the market, and some get taking off the market. January and February always seem to have the least number of homes for sale.
Leavenworth Homes for Sale
In 2007, we reached a peak of 137 homes for sale in October. (Single Family Homes, not condos in the 98826 and 98847 zipcodes)
In 2008, the peak occurred in September with a new record of 158.
This year I knew we were going to really be smashing those numbers. My first clue came in May 2009 when we hit 154 homes for sale at the end of the month.
Now in August, we have surpassed the 200 homes mark and we still have a month or two to go.
From 2007 to 2008 we saw an increase in peak supply of 15%. A year over year increase of 30% would only take us to 205 homes for sale. I predict the peak supply will probably hit 225 homes for sale.
So what, peak supply is up?
If you are a seller, this is bad news. You have more competition than the market has ever seen. Buyers have too many homes to choose from and the best way to get your home sold is to lower the price.
If you are a buyer – you have more choices than ever. Granted, there aren’t going to be 200 homes to choose from in your price range and neighborhood, but there are more choices now than ever before.
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Required Disclaimer
NOTE: This representation is based in whole or in part on data supplied by the North Central Washington Association of Realtors or its Multiple Listing Service. Neither the Association nor its MLS guarantees or are in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the Market.
