SCALE: MONTHS SUPPLY
BE MARKET READY, DAY ONE™!
Source: Mortgage News Daily
Unbelievable Interest Rates
Average % of
New Listings (Pending)
in the First 30 Days
Housing Market: Virtually Sold Out
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 Market 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.
Key Market Indicators – November Recap
Snohomish County Housing Update - Resale Only
December marks a low point for new listings, and a shortage of inventory this year in the more affordable and mid-price ranges means the pressure is on, despite the winter chill. In the more affordable and mid-price ranges up to $500,000 in Snohomish County, there is currently frenzy-level sales activity intensity; this range comprises 59 percent of sales activity. We anticipate that homes priced $500,000 to $750,000 (34 percent of sales activity), will reach frenzy sales activity intensity in the spring.
All the focus is on each new listing in the current market, which sends prices higher in the more affordable and mid-price ranges. Buyers should be Buyer Ready, Day One™ to secure the home of their choice.