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Key Market Indicators – June Recap 2021
Seattle Housing Update - Resale Only
The Seattle market is virtually sold out up to $3 million, which places extra focus on each new resale listing as it comes onto the market. We expect this extremely high intensity will continue in most price ranges locally into the spring of 2022, due to historically low interest rates creating a large backlog of buyers looking to purchase a home.
Sales Activity Intensity™ in Seattle is predominantly at extreme frenzy up to $1.5 million (90 percent of sales take place in this range). In the $1.5 to $3 million price range, Sales Activity Intensity™ is frenzy. For ultra-luxury homes priced over $3 million, sales are strong.
It’s All About Each New Listing!
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
76%
Current
3.18%
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.
SEARCHING FOR NEW LISTINGS WITH JOHN L. SCOTT
Tap to enlarge and zoom
The home search on JohnLScott.com offers many options for buyers looking for their next home. Search by geographic area or school district boundary, then filter your results by listing status, price, property type, home features and more.
You can also set up text notifications of new listings that fit your desired criteria, so you’ll be in-the-know when promising new homes come on the market!
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.
SEARCHING FOR NEW LISTINGS WITH JOHN L. SCOTT
The home search on JohnLScott.com offers many options for buyers looking for their next home. Search by geographic area or school district boundary, then filter your results by listing status, price, property type, home features and more.
You can also set up text notifications of new listings that fit your desired criteria, so you’ll be in-the-know when promising new homes come on the market!