Bumbershoot’s Over – School’s Back

Well now that Labor Day and Bumbershoot are over the kids are getting back to school. Here comes that annual bump in real estate activity. People often ask what is the best time to sell, and this is one of those times on the calendar that you can point to historically and show a consistent pattern of an up-tick in activity.

Pending Sales - Puget Sound Area - September bump
Four of the last seven years there has been an increase in sales during September and October, even during the last two years. (according to NWMLS statistics.). It seems that once school starts up and the vacation season winds down, people decide it's time to get down to business and make their move.

Expired Listings on 9-1-2008Lots of listings have just expired too. I imagine a number of them will be re-listed over the next week or so, perhaps at lower prices and as new listings. Make sure you check with your agent to get the CDOM (Cumulative Days on Market) and the Property History of any new listing you are interested in. Unfortunately most brokerages don't post this information on their public websites, even though the NWMLS now allows it.