Seattle Housing Update - Resale Only
in Today’s Market
2024 began with a slight increase in the number of new resale listings coming onto the market compared to this time last year. Although lower than the historical market norm, they are following the cyclical cycle. The Sales Activity Intensity™ for new resale listings going under contract is at a very strong level up to $1.5M which represents 89% of the market activity. We are seeing multiple offers on many new resale listings, sending home prices higher.
SALES ACTIVITY INTENSITY™ SCALE
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It’s all about being Buyer Ready, Day One™. During your buyer consultation, your buyer broker representative will help you determine your goals, understand market trends, and identify your financial plan which can include pre-approval or full underwriting process. These items will help you act quickly and decisively.
Win in a Multiple Offer Situation
KEY MARKET INDICATORS FEBRUARY 2024 (JANUARY Recap)
Source: NWMLS. Data is for Resale only.© 2024 John L. Scott Real Estate
Source: NWMLS. Data is for Resale only. © 2024 John L. Scott Real Estate