Key Market Indicators – February Recap 2021
Southwest King County Housing Update - Resale Only
After an intense winter in the Southwest King County real estate market, more new resale listings are on the horizon this month. March historically marks the beginning of the eight month prime-time real estate market. Southwest King County is virtually sold out up to the $1.5 million price point. Sales Activity Intensity™ for homes up to $1 million is extremely high, what I consider “uber frenzy”; 97 percent of sales activity occurs in this price range. The $1 to $1.5 million range has frenzy Sales Activity Intensity.™
More Listings Will Arrive This Month
Average % of New Listings (Pending) in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
89%
Current
3.22%
30%
Normal
WHAT’S YOUR HOME WORTH?
Curious what your home could be worth in today’s hot market? Simply plug in your address into John L. Scott’s home price valuation platform (powered by Buyside) and receive up to three different computer-generated home price estimates. However, it takes more than an algorithm to determine your home’s worth. Contact your broker associate to learn more about this tool, along with today’s current market price and seller marketing strategies.
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