This is the TrendGraphix data for King County, residential homes from 11/18-1/20. Just looking at the general shapes of the two graphs will tell you something. The yellow graph shows inventory on the market. Look how much lower the peak is now compared to all the other months. You can see that if you’re a buyer, shopping in a period of higher inventory would be a huge benefit.
The green graph below it shows light green = homes for sale and the dark green = sold homes. Combine this with the low interest rates and you’ve got a pretty good look at this market. The exciting part is that it’s forever changing which means you can gauge the market to optimize your move. Compelling evidence for using a trusted broker to help you navigate it is key. You’re going to need a warrior on your side.