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Key Market Indicators – October Recap 2021
Seattle Housing Update - Resale Only
As the weather cools, the housing market intensity heats up for each new listing on the market. The Sales Activity Intensity™ in Seattle is approaching spring 2021 levels, up two levels of hotness compared to Oct. 2020. Buyers wanting to lock in a great interest rate are driving the intense sales activity, but they will face constrained inventory until March 2022.
In Seattle, Sales Activity Intensity™ is extreme frenzy (heading toward uber-frenzy) for homes priced up to $3 million. 99 percent of local sales occur in this price range.
No Relief for Buyers Until March
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
73%
Current
3.18%
30%
Normal
1. Determine your goals and clarify your priorities.
2. Search for homes on johnlscott.com, and sign up
for instant text notifications of new listings.
3. Get informed by understanding the key market
indicators and sales activity intensity.
4. Team up with your broker associate and lender to
best compete with other offers.
5. Be confident with your offer, with guidance from
your trusted broker associate.
6. Allow your broker associate to guide you through
every step of the home purchase process.
IT’S OKAY TO BUY AND SELL DURING WINTER
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Though many associate the spring and summer with buying and selling homes, the best time to buy and sell is when the timing is right for you! When you buy and sell within same-market timing, you will usually end up with approximately the same net asset equity once the sale is closed.
The major advantage of buying and selling during this time is locking in a great interest rate. If you’re considering buying and/or selling this winter, connect with your trusted agent to formulate a plan for success.
Position yourself to create a buyer advantage when competing with other buyers and walk in confidence when making an offer. Your broker associate can consult with you to be up-to-date with current market intensity and pricing, get pre-approved or fully underwritten through a lender, and receive email/text notification of newly listed properties. In today’s instant-response market, it’s key to ensure you’re ready to act when the timing is right.
IT’S OKAY TO BUY AND SELL DURING WINTER
Though many associate the spring and summer with buying and selling homes, the best time to buy and sell is when the timing is right for you! When you buy and sell within same-market timing, you will usually end up with approximately the same net asset equity once the sale is closed.
The major advantage of buying and selling during this time is locking in a great interest rate. If you’re considering buying and/or selling this winter, connect with your trusted agent to formulate a plan for success.