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Key Market Indicators – September Recap 2021
Seattle Housing Update - Resale Only
Extreme frenzy Sales Activity Intensity™ continued in the Seattle area throughout the month of September, which supports premium pricing for new listings. The housing market intensity for each new listing will continue its upward trajectory as the first of the year approaches.
In Seattle, the market is virtually sold out to the $3 million price point. Sales Activity Intensity™ is extreme frenzy for homes priced up to $2 million (96 percent of sales activity). The $2 to $3 million range has surge Sales Activity Intensity,™ and there is strong luxury sales activity from $3 to $5 million.
All Roads Lead to Higher Intensity
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
74%
Current
3.10%
30%
Normal
1. Determine your goals and clarify your priorities.
2. Search for homes on johnlscott.com, and sign up
for instant text notifications of new listings.
3. Get informed by understanding the key market
indicators and sales activity intensity.
4. Team up with your broker associate and lender to
best compete with other offers.
5. Be confident with your offer, with guidance from
your trusted broker associate.
6. Allow your broker associate to guide you through
every step of the home purchase process.
ALL ABOUT SELLER PEER GROUPS
Tap to enlarge and zoom
In order to maximize the sale of your home, it’s important to go into the sale with a complete understanding of the hyperlocal market. Each home has about 10 similar houses known as a seller peer group. This set of houses is similar in size, price and location, but the data on each within the last 1-2 months can help you determine the best pricing strategy with your trusted broker associate.
Position yourself to create a buyer advantage when competing with other buyers and walk in confidence when making an offer. Your broker associate can consult with you to be up-to-date with current market intensity and pricing, get pre-approved or fully underwritten through a lender, and receive email/text notification of newly listed properties. In today’s instant-response market, it’s key to ensure you’re ready to act when the timing is right.
ALL ABOUT SELLER PEER GROUPS
In order to maximize the sale of your home, it’s important to go into the sale with a complete understanding of the hyperlocal market. Each home has about 10 similar houses known as a seller peer group. This set of houses is similar in size, price and location, but the data on each within the last 1-2 months can help you determine the best pricing strategy with your trusted broker associate.