59%
3.55%
Normal
Average % of
New Listings (Pending)
in the First 30 Days
For many people, their home is the single biggest financial investment they make in their lifetime. Because of this, many homeowners want to ensure their home will sell in a reasonable time frame and for the best price possible when they decide to put it on the market. At John L. Scott, we believe there are two things you can’t compromise on to find success when selling: personal representation and seller marketing excellence. Our brokers provide both essentials to sellers!
Southwest King County Housing Update - Resale Only
As we enter the fall housing market, both interest rates and job growth in Puget Sound are extremely strong. The next two months — September and October — are historically the best for selection and availability out of the next six months.
Overall, the local market is more intense than it was a year ago. There is an extreme shortage of inventory up to $350,000, with sales activity intensity at an extreme frenzy. For homes priced $350,000 to $500,000, sales activity intensity is a frenzy, with a severe shortage of inventory. These price ranges comprise 77 percent of the market activity in Southwest King County.
August List 2019
Normal
TWO ESSENTIALS TO SELL YOUR HOME
Current
30%
SCALE: MONTHS SUPPLY
Key Market Indicators – August Recap
Fall Real Estate Market Makes an Entrance
Source: Mortgage News Daily
Unbelievable Interest Rates