Average % of
New Listings (Pending)
in the First 30 Days
Fall Real Estate Market Makes an Entrance
For many people, their home is the single biggest financial investment they make in their lifetime. Because of this, many homeowners want to ensure their home will sell in a reasonable time frame and for the best price possible when they decide to put it on the market. At John L. Scott, we believe there are two things you can’t compromise on to find success when selling: personal representation and seller marketing excellence. Our brokers provide both essentials to sellers!
Key Market Indicators – August Recap
August List 2019
SCALE: MONTHS SUPPLY
As we enter the fall housing market, both interest rates and job growth in Puget Sound are extremely strong. The next two months — September and October — are historically the best for selection and availability out of the next six months. After a huge influx of new listings in May 2019, the last three months have seen fewer new listings than last year in Seattle. In August, pended listings increased while sales activity intensity was close to the same level as the prior month.
Seattle’s luxury market had more active listings and pended listings last month versus August 2018. Inventory was at a shortage in the $1 to 2 million range, which is where 89 percent of luxury sales take place.
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TWO ESSENTIALS TO SELL YOUR HOME
Seattle Housing Update - Resale Only
Unbelievable Interest Rates
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Source: Mortgage News Daily