An unusually high volume of home-buyer demand is flooding the spring market, with pending home sales rising in March for the third consecutive month and hitting their highest level since June 2013.
In Moses Lake (which lags behind the metro areas by about 6 months) there are currently 275 residential properties on the market with 235 sales in the last 6 months. This means there is about 7 months of inventory on the market. Six months inventory is considered a "balanced" market. Last year at this time the market was sitting with about 10 months of inventory.
Raymond Gravelle, Broker
Realty Executives Grant County
Your Residential & Commercial Expert
509.771.0027 cell/text
509.771.0027 cell/text
509-498-2056 fax
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