Key Market Indicators – September Recap 2021
Southwest King County Housing Update - Resale Only
Uber-frenzy Sales Activity Intensity™ continued in Southwest King County throughout the month of September, which supports premium pricing for new listings. The housing market intensity for each new listing will continue its upward trajectory as the first of the year approaches. In Southwest King County, the market is virtually sold out to the $1.5 million price point. Sales Activity Intensity™ is uber-frenzy for homes priced up to $1 million (97 percent of sales activity). The $1 to $1.5 million range has frenzy Sales Activity Intensity,™ and there is strong luxury sales activity above $1.5 million.
All Roads Lead to Higher Intensity
Average % of New Listings (Pending) in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
78%
Current
3.10%
30%
Normal
ALL ABOUT SELLER PEER GROUPS
In order to maximize the sale of your home, it’s important to go into the sale with a complete understanding of the hyperlocal market. Each home has about 10 similar houses known as a seller peer group. This set of houses is similar in size, price and location, but the data on each within the last 1-2 months can help you determine the best pricing strategy with your trusted broker associate.
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