5
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Current
Average % of
New Listings (Pending)
in the First 30 Days
Source: Mortgage News Daily
Get Ready: 2020 Housing Market is Hot
30%
4
3
2
HOW TO WIN IN A
MULTIPLE-OFFER SITUATION
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Unbelievable Interest Rates
Key Market Indicators – December Recap
Normal
The Seattle housing market is already at frenzy sales activity intensity in the more affordable and mid-price ranges as we begin the new decade. Homes priced up to $1 million are at a severe shortage of unsold inventory; 81 percent of sales activity takes place in this range. With historically low interest rates and strong job growth locally, the Seattle housing market is poised for a hot year.
In Seattle’s luxury market, homes priced $1 to 1.5 million are seeing surge sales activity intensity. This shifts to strong sales activity intensity for homes in the $1.5 to 2 million range, and selective above.
56%
3.72%
SCALE: MONTHS SUPPLY
When buyer demand is high and inventory is low, you may find yourself in a multiple-offer situation. While an all-cash offer can be enticing for a seller, it’s still possible to beat one with an offer that considers additional “plus” points for a seller. Being fully underwritten as well as offering more earnest money, a quick close, a pre-inspection and fewer contingencies can all boost your chances of coming out on top. Your John L. Scott broker associate can help craft a winning strategy to secure your dream home.
Seattle Housing Update - Resale Only