Eastside Housing Update - Resale Only
KEY MARKET INDICATORS JUNE 2022 (May Recap)
Housing Market Heading Toward Normalcy
The housing market intensity adjustment is continuing on the Eastside this spring. Unsold inventory is ticking upward locally as more new listings hit the market. This gives buyers an increased selection of desirable properties to choose from as they hunt for their new home. A mini surge of new resale luxury listings on the Eastside this spring pushed inventory closer to its typical seasonal level. Over the last three months, local luxury sales activity has remained strong due to steady buyer demand.
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE INTEREST RATES
3.18%
MONTHS SUPPLY SCALE
CLOSE
As interest rates rise and homebuyers are looking to afford their home of choice, some are choosing an Adjustable-Rate Mortgage (ARM). This type of a home loan carries a lower interest rate initially which helps keep payments lower and then adjusts to the prevailing rate at predetermined intervals. Chat with your trusted mortgage partner to determine if an ARM is a fit for you.
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ABOUT ADJUSTABLE-RATE MORTGAGES
