Key Market Indicators – November Recap 2021
Southwest King County Housing Update - Resale Only
In contrast to the chilly temperatures outside, Southwest King County’s real estate market is white-hot. There are substantially more homes going under contract than there are new listings, and the market is virtually sold out up to the $1.5 million price point.
There is uber-frenzy Sales Activity Intensity™ for Southwest King County homes priced up to $1.5 million; this range comprises 97 percent of local sales activity. There is strong sales activity above $1.5 million.
White-Hot Winter Market
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
87%
Current
3.18%
30%
Normal
BE BUYER READY, DAY ONE!™
To secure your home of choice, it’s highly recommended to begin the process early by connecting with a trusted broker for a market consultation. Being Buyer Ready, Day One™ is essential to get a home in today’s real estate market. Beginning the financing conversation early is also key – it can help buyers understand what they can afford and create a higher level of seller certainty. The latter can provide a leg up above other buyers in the market, leading a seller to accept your offer.
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BE BUYER READY, DAY ONE!™
To secure your home of choice, it’s highly recommended to begin the process early by connecting with a trusted broker for a market consultation. Being Buyer Ready, Day One™ is essential to get a home in today’s real estate market. Beginning the financing conversation early is also key – it can help buyers understand what they can afford and create a higher level of seller certainty. The latter can provide a leg up above other buyers in the market, leading a seller to accept your offer.