Seattle Housing Update - Resale Only
The Seattle market is back to Surge / Frenzy Sales Activity Intensity™ of homes going under contract for new resale listings. Unsold inventory is virtually sold-out in the more affordable, mid-price and into the upper end price points. Although on a monthly basis, fewer homes are coming on the market than previous years; as we head into spring, there is a seasonal increase in the number of new monthly listings. Today’s buyers will need to be Buyer Ready, Day One™, to ensure they get the home of their choice.
The Luxury Home Market is experiencing elevated buyer traffic, as the start of the Luxury Season begins in earnest.
SALES ACTIVITY INTENSITY™ SCALE
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The listings that make it to the market are selling fast, bringing back the multiple offer’s scenario for some properties. Homeowners with a high percentage of built-up equity, and life events are moving the market. Today’s buyers have increased expectations that homes are move-in ready on day one, a perfect opportunity for sellers to be Market Ready, Day One™. Resources like MarketReady+ and Seller Listing Launch® can set you apart when attracting buyers to your property. As Daylight Savings Time begins in March, the market will continue its surge into the spring market. Remember, it’s okay to buy and sell within the same market timing.
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Current housing market
KEY MARKET INDICATORS MARCH 2023 (FEBRUARY Recap)