5
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Current
Average % of
New Listings (Pending)
in the First 30 Days
Source: Mortgage News Daily
Housing Market at a Boiling Point
30%
4
3
2
NEGOTIATION FOR SELLERS
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Unbelievable Interest Rates
Key Market Indicators – January Recap
Normal
As predicted, prices are rising as a power surge of buyers has entered the market, compounding the backlog of holiday buyers. Unsold inventory is down 42 percent compared to Jan. 2019, and the number of new listings is also down. These conditions, along with historically low interest rates and continued extreme job growth means the focus is on each new listing hitting the market.
The luxury market is also feeling the pressure in Seattle, with listings virtually sold out in the $1 million to 1.5 million range. There is a strong market for luxury properties priced above $1.5 million.
58%
3.47%
SCALE: MONTHS SUPPLY
With buyers eager to secure their home of choice and get settled by the springtime, it’s a great time to put your home on the market! To maximize your home’s closing price and ensure your desired contingencies are met, it’s critical to work with a trusted broker associate who will be “in your corner” when negotiations come to the table.
Seattle Housing Update - Resale Only