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Average % of
New Listings (Pending)
in the First 30 Days
Source: Mortgage News Daily
Housing Market: Virtually Sold Out
BE MARKET READY, DAY ONE™!
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Unbelievable Interest Rates
Key Market Indicators – November Recap
December marks a low point for new listings, and a shortage of inventory this year in the more affordable and mid-price ranges means the pressure is on, despite the winter chill. In the more affordable and mid-price ranges up to $1 million in Seattle, we will see a frenzy in spring; this range comprises 84 percent of sales activity.
Seattle’s luxury market will also see frenzy sales activity in the spring in the $1 to $1.5 million price range. Sales activity intensity for the $1.5 to $2 million range will be strong, and healthy above $2 million.
SCALE: MONTHS SUPPLY
To secure your home of choice, it’s highly recommended to begin the process early by connecting with a trusted broker for a market consultation. Being Market Ready, Day One™ is essential to get a home in today’s real estate market. Beginning the financing conversation early is also key – it can help buyers understand what they can afford and create a higher level of seller certainty. The latter can provide a leg up above other buyers in the market, leading a seller to accept your offer.
Seattle Housing Update - Resale Only