Seattle Housing Update - Resale Only
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE
INTEREST
RATES
3.18%
MONTHS
SUPPLY SCALE
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Source: NWMLS - Resale only
CURRENT INTEREST RATE
© 2024 John L. Scott Real Estate
Key Market Indicators SEPTEMBER 2024 (AUGUST RECAP)
Interest Rates Start to Lower
Interest rates are forecasted to continue to ease over the next few months which will prompt additional home buyers to enter the market. This increase in demand will cause higher Sales Activity Intensity™ of new resale listings going under contract in the first 30 days.
Visiting Open Houses
As of August 17, buyers utilizing the services of a REALTOR® to purchase a residential property must sign a written services agreement (otherwise known as a Buyer Representation Agreement) before any real estate brokerage services are rendered. However, no agreement is required to visit an open house. Please consult with your John L. Scott representative for more information.
September 3, 2024 Source: Mortgage News Daily
6.40%