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Current
Average % of
New Listings (Pending)
in the First 30 Days
Source: Priority Home Lending
APR: 3.628%
Real Estate Market Remains in Motion
30%
4
3
2
OUR TECHNOLOGY SUPPORTS SOCIAL DISTANCING
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Unbelievable Interest Rates
Key Market Indicators – March Recap
Normal
The Seattle real estate market experienced a bit of turbulence in late March as the coronavirus crisis evolved. Following state-wide orders, the market virtually paused for a few days, but began picking up after real estate guidelines were adjusted to support social distancing. Now, with these guidelines in place, buyers and sellers can take advantage of historically low interest rates in the mid-threes. With inventory shortages in the more affordable, mid- and heading into the high-end price ranges, the focus remains on each new listing.
We’re now in the prime-time season for the luxury market, which runs from March through October. Conditions are starting to get back in line for a positive market in the high-end and luxury price ranges.
72%
3.625%
SCALE: MONTHS SUPPLY
From text notifications about new listings, to home searches conducted on a desktop or through the John L. Scott mobile app, our technology provides key advantages for buyers and sellers, especially in times of social distancing. Many buyers have a specific area and criteria in mind for a home and conduct their initial home search online – viewing photos and sometimes listing videos, all to get a feel for the home before setting foot on the property. Sellers can share a wealth of information online about their home, and serious buyers can set up a private showing to view in person.
It's a great time to buy or sell, please call if you would like to investigate.
Seattle Housing Update - Resale Only