Southwest King County Housing Update - Resale Only
Housing Market Resilience Continues
The resilience of the Southwest King County housing market is clear as a steady cadence of homes going under contract continues. Though Sales Activity Intensity™ in Southwest King County is no longer at uber-frenzy, market activity has adjusted and settled to very strong in the month of August.
Overall there is strong and very strong Sales Activity Intensity™ for Southwest King County homes priced up to $1 million. 92 percent of sales activity takes place in this price range. Above $1 million, there is healthy sales activity.
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE
INTEREST
RATES
3.18%
MONTHS
SUPPLY SCALE
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KEY MARKET INDICATORS SEPTEMBER 2022 (August Recap)
Sales Activity Intensity™ is the measurement of the market intensity created by John L. Scott Real Estate. It’s a scale you’ll find above that looks at what percentage of new listings are going pending in the first 30 days. The higher the Sales Activity Intensity,™ the hotter the real estate market.
Two factors inform Sales Activity Intensity:™ the number of new resale listings during the month, and the number of these new listings going under contract. After the first of the year, Sales Activity Intensity™ will increase, due to fewer new listings and increased buyer demand after the holidays.
ALL ABOUT SALES ACTIVITY INTENSITY™
Sales Activity Intensity™ is the measurement of the market intensity created by John L. Scott Real Estate. It’s a scale you’ll find above that looks at what percentage of new listings are going pending in the first 30 days. The higher the Sales Activity Intensity,™ the hotter the real estate market.
Two factors inform Sales Activity Intensity:™ the number of new resale listings during the month, and the number of these new listings going under contract. After the first of the year, Sales Activity Intensity™ will increase, due to fewer new listings and increased buyer demand after the holidays.
ALL ABOUT SALES ACTIVITY INTENSITY™
KEY MARKET INDICATORS SEPTEMBER 2022 (August Recap)