May
Pending Sales
44
140
136
105
27
21
473
Current
Active Listings
on June 1st
44
140
136
105
27
21
473
Source: Mortgage News Daily
Seattle Housing Update - Resale Only
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Active Listings
on June 1st
44
140
136
105
27
21
473
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SCALE: MONTHS SUPPLY
Summer is here, which is when the highest number of homes go under contract. However, it can feel like the market slows down during the summer, due to the greatest number of new listings coming on the market, which creates disbursed buyer energy. When comparing July 2019 to July 2018, new resale listings are down and the number of homes under contract are up in Seattle. There are far fewer unsold listings in July 2019 versus June, and inventory is still at a shortage - though higher than July 2018.
Sales were strong in the luxury price ranges in July, with more pended listings last month than in the prior July.
30%
Amazing Interest Rates
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JOHN L. SCOTT’S SCHOOL SEARCH
5
Price
Range
0 - 250K
250K - 350K
350K - 500K
500K - 750K
750K - 1M
1M +
Total Activity
Nearby schools are an important part of the equation when buying or selling a home, which is why John L. Scott Real Estate launched a school search function on our website and app last year. To use the feature, search the name of the school you’re interested in and select it from the drop-down menu. Once selected, you’ll see a map of the school boundaries and all the current active listings within this area. When looking at a school, that school’s district, county and GreatSchools rating will appear.
May New
Listings
44
140
136
105
27
21
473
3.77%
% Pending 1st 30 days (April List)
44
140
136
105
27
21
473
Average % of
New Listings (Pending)
in the First 30 Days
48%
Key Market Indicators – July Recap
Normal
It’s Not the Lazy Days of Summer for Housing
June List 2019
3
4
2