Competing offers per transaction

graph_competing_offers

Statistically the Seattle real estate market is still in a STRONG SELLER’S MARKET.

 

However, in my opinion the frenzy pace is not like it was a few months ago.

 

My Windermere office tracks sends out a questionnaire with every deal that is turned into my office. And one of the questions on the questionnaire is” how many offers were you competing against?”

 

Here is the data from my office

 

Office Stats- Competitive Offers per Transaction

  • January   3.65 offers per transaction
  • February   5.9 offers per transaction
  • March        3.3 offers per transaction
  • April           3.6 offers per transaction
  • May           5.3 offers per transaction
  • June             3 offers per transaction
  • July            1.4 offers per transaction
  • August        1.6 offers per transaction

 

·         September  1.7 offers per transaction

 

·         October  0.8 offers per transaction

 

 

Please note that 0.8 offers per transaction is a GREAT NUMBER!!!  However, it is down substantially from the January through June pace.  And it is the lowest/slowest number in 2016.

 

Thank you,

Steve Laevastu

Cell 206-226-5300

sold@windermere.com

Leave a Reply

Your email address will not be published.