In October 2012, homes sold pending reached their highest level in over two years. In Renton, 95 homes sold in October 2010, while last month 170 homes sold, a 78.9% increase.
At the same time the inventory of homes for sale hit a two year low. There were 713 homes for sale in Renton in October 2010 compared to just 273 in October 2012, a 61.7% decrease.
These have been market trends in the Greater Seattle area for most of 2012 now and are leading to an increase in homes prices. Some people are considering making a move they thought would have to be put of for several more years