Balanced Market Back for the Woodinville Area

Using the "months supply of inventory" approach (to determine a "buyers'" or "sellers'" market), the Woodinville residential real estate market looks balanced.  In other words, neither buyers nor sellers have an advantage.  

This is a healthy sign for the return of a more active market (more sales) and stable (or even increasing) home prices.

By "balanced" (yellow) we mean there's not tons of inventory where the advantage shifts to the buyers because they have many choices, want low prices, and demand concessions from the sellers.  

In a sellers' market (red color), there's little inventory, buyers have fewer choices and sellers can get their price and even see multiple offers on their property.

The attached chart says it all in colors.  This colorful statistic compares 2010 with 2011.  It's easy to see we've moved from a 2010 "buyers'" market (green) to a 2011 balanced market (yellow).

Again, this is an encouraging sign for the Woodinville market.  People who invest in a home here and later decide to re-finance or sell, would like a return (profit) on that investment.