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Key Market Indicators – December Recap 2021
Seattle Housing Update - Resale Only
2022 is here, and January 1 marked a historically low level of available unsold inventory in Seattle. Fresh off the heels of the holiday season and snowy weather, the local market will see continued strong buyer demand, multiple offers and premium pricing.
The Seattle market is virtually sold out up to the $2 million price point. Sales Activity Intensity™ is predominantly extreme frenzy for homes priced up to $3 million, and there is selective luxury activity above $3 million.
New Year Housing Kick-Off
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
77%
Current
3.29%
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.
JOHN L. SCOTT’S 2022 HOUSING FORECAST
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The year 2022 is poised to be another great year in residential real estate, with strong buyer demand shaping the market. We’ve outlined what’s in store in our 2022 housing forecast, which is available now!
Reach out to your trusted John L. Scott broker associate if you’d like to view the 2022 housing forecast and discuss what the market changes are likely to mean to you in the coming year.
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.
JOHN L. SCOTT’S 2022 HOUSING FORECAST
The year 2022 is poised to be another great year in residential real estate, with strong buyer demand shaping the market. We’ve outlined what’s in store in our 2022 housing forecast, which is available now!
Reach out to your trusted John L. Scott broker associate if you’d like to view the 2022 housing forecast and discuss what the market changes are likely to mean to you in the coming year.