Mill Creek Beacon - Your Hometown News Source

Rate of price increases slows as homebuyers grow weary

 

Last updated 9/20/2018 at Noon



Home sales in Mill Creek continue to be strong despite an apparent lack of inventory and buyers who have grown tired of the frenzied state of the market.

Home prices have continued to climb for the past 72 months, but now at a rate lower than at any time since 2016, according to Economic Indicators released by Snohomish County.

The demand for homes in Mill Creek has been slowed by lack of inventory and indications of further increases in interest rates, according to local Realtors contacted by The Beacon.

“The inventory in Lynnwood, for example, has fallen by 40 percent and has dropped...



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