Key Market Indicators – December Recap 2021
Southwest King County Housing Update - Resale Only
2022 is here, and January 1 marked a historically low level of available unsold inventory in Southwest King County. Fresh off the heels of the holiday season and snowy weather, the local market will see continued strong buyer demand, multiple offers and premium pricing. The Southwest King County market is virtually sold out up to the $1.5 million price point. Sales Activity Intensity™ is predominantly uber-frenzy for homes priced up to $1 million, and is frenzy from $1 to $1.5 million.
New Year Housing Kick-Off
Average % of New Listings (Pending) in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
87%
Current
3.29%
30%
Normal
JOHN L. SCOTT’S 2022 HOUSING FORECAST
The year 2022 is poised to be another great year in residential real estate, with strong buyer demand shaping the market. We’ve outlined what’s in store in our 2022 housing forecast, which is available now! Reach out to your trusted John L. Scott broker associate if you’d like to view the 2022 housing forecast and discuss what the market changes are likely to mean to you in the coming year.
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