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Key Market Indicators – February Recap 2021
Seattle Housing Update - Resale Only
After an intense winter in the Seattle real estate market, more new resale listings are on the horizon this month. March historically marks the beginning of the eight month prime-time real estate market. In Seattle, Sales Activity Intensity™ for homes up to $1 million is extremely high, what I consider “uber frenzy”; 77 percent of sales activity occurs in this price range.
Looking in the luxury price ranges in Seattle, the $1 to $1.5 million range has extreme frenzy Sales Activity Intensity,™ and Sales Activity Intensity™ is frenzy / surge from $1.5 to $3 million.
More Listings Will Arrive This Month
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
76%
Current
3.22%
30%
Normal
Curious what your home could be worth in today’s hot market? Simply plug in your address into John L. Scott’s home price valuation platform (powered by Buyside) and receive up to three different computer-generated home price estimates. However, it takes more than an algorithm to determine your home’s worth. Contact your broker associate to learn more about this tool, along with today’s current market price and seller marketing strategies.
WHAT’S YOUR HOME WORTH?
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