The next few months are generally considered the best months to buyers sell in the Puget Sound region.  You’ll see a number of new listings coming on the market and activity for buyers is also higher.  Currently in Edmonds within the price range from 300,000 to 500,000 there are 18 listings with an average price of $354,491.  The number of listings that are pending is 12.  These are the 2 numbers that we used to calculate months of inventory.  If you divide active listings by pending sales you arrive at that number.  This case the numbers 1.5 in other words we only have 1 ½ months of inventory.  Also of some interest is that for the active listings the original list price was 358,000 but currently with price changes and reductions that current list priced now is still 98.75 of the original listing price. This is telling us that there’s not much pressure for prices to come down at present time.  The last number that also paints a picture is that of the 25 properties that were sold in the last six months in this area the average market time was just 50 days.  I hope that this will help your decision whether to buyers sell.  If you have other specific questions you can e-mail me at marketwatch@northwestrealestate.com I will be happy to answer any of your questions.