As the real estate market continues its recovery I wanted to show you some useful statistics for our region. In short, housing prices remain under upward pressure due in part to a chronic shortage of homes available for sale.

Builders in our area simply cannot build enough homes to keep up with demand. Demand is strong in our region because it is such a desirable place to live and work. Analysts expect this trend to continue throughout the next couple of years.

I’ve attached charts showing the current status of the Puget Sound area market. Homes are selling very quickly and prices are increasing. If you or someone you know is thinking of buying or selling, now is a great time to get in on the action.

Click on the charts below for full view.

Something to consider: a good money market account returns about 1% APY. How does this compare to your real estate investment?