A Unique Real Estate Market Observation

The end of this week, leading into the weekend, I have been barraged by a huge number of "open house" and "newly listed" marketing messages. It's a completely subjective analysis, sure, but reinforces many of the messages I've been getting lately: this summer's Puget Sound real estate market is hot.

As a seller, expect multiple offers on any reasonably priced home. (Note: strong seller's markets do not equate to a magical "I can charge anything I want" pricing strategy.) As a buyer, be prepared for being one of many and that you might need to make offers on many homes to get in. It's easy to get what I've heard called "buyer fatigue" (a great descriptor). Tenacity and realistic expectations are very helpful right now.

Anyway, just an observation. Go and enjoy the weekend!

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Carl Setzer

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