The natural landscape of the Pacific Northwest is more than just a beautiful place to live-it's a boon to our housing market.
This recent Business Week article describes how because of the geographical constraints Seattle has with our mountains and being sandwiched between Lake Washington and the Puget Sound, we do not have the capacity to overbuild. Consequently, Seattle currently only has a 5 month supply of inventory as compared to roughly nine months nationaly, and a staggering 40 month supply in Miami.
Right now Seattle home sales are the highest they have been since August 2007 and prices are the lowest they have been since July 2005.