School District: Kent School Dist #415 253-373-7000
Gas/Electricity PSE 888-225-5773
Water/Sewer: City of Kent 253-856-5201. Soos Creek Water & Sewer 253-630-9900. Water Dist #111 253-631-3770
Telephone: CenturyLink 800-244-1111
Refuse Collection: Republic Services 206-682-9735
Typical Tax Rate: King County $12.97/$1,000 Assessed Value
Median Household Income: $57,490
Average Rent: 2bd $1,250
Source: Greater Seattle InfoGuide 2016-17
The following chart shows the market in relationship to supply and demand. Experienced REALTORS watch closely the ratio of the inventory against the pending sales. We know that if the gap between those two sets of data decreases, we cannot be aggressive when working with buyers. A healthy market is where a little give and take on both sides of the negotiation table exists or when roughly 30 to 35% percent of available homes go pending during the same month.
The average days on market is a great guide for gaining an understanding of how long it might take to receive an offer.
Use the average price of listings to gauge how confidant REALTORS and home owners are in a market and as a guide for the general direction of housing prices. For a more accurate gauge of a certain type of home, call or email today Jana@JanaSchmidt.com.
Months of Inventory is just another way of looking at the supply and demand ratios. The months of inventory tell us how long it would take to sell every single home on the market if no other listings came on. A neutral market is 4 to 6 months supply, anything more is a buyer’s market and anything less is a seller’s market.