PhinneyWoodHomes.com

February's market activity in our PhinneyWood neighborhood has
picked up on all levels. We saw more new listings, more home
pending, and more homes sold. The number of days that homes took
to sell dropped precipitously, from 26 days in January, to a mere 6
days in February. The buyers are clearly engaged very strongly, as we
see more multiple offers and more homes selling above asking
prices. It seems that the spring sale is upon us.

One segment of the market that seems to have almost disappeared
are new construction homes. According to the National Association
of Builders, tariffs and construction labor shortages are going to
impact the number of new housing starts and the final cost of new
construction homes, and many builders are taking a wait and see
approach. Our region is already far behind on housing needs, so this
might have a strong impact on overall supply, causing prices to
increase faster than normal.

Are you considering buying or selling a home this year, but feeling
confused about if and what to do next? Then call me for a no-
obligation consultation, and let's figure out what would be the best
plan for you. You can reach me at 206-779-9808.