5
5
Unbelievable Interest Rates
55%
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Eastside Housing Update - Resale Only
Normal
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 $1 million on the Eastside, there is currently frenzy-level sales activity intensity; this range comprises 72 percent of sales activity.
The luxury market on the Eastside will see frenzy sales activity in the spring in the $1 to $1.5 million price range. Sales activity intensity will be at a surge in the $1.5 to $2 million range, strong in the $2 to 5 million range, and healthy above $5 million.
1
3.76%
BE MARKET READY, DAY ONE™!
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4
30%
Current
Average % of
New Listings (Pending)
in the First 30 Days
Current
Source: Mortgage News Daily
3
2
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Key Market Indicators – November Recap
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.
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SCALE: MONTHS SUPPLY
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Housing Market: Virtually Sold Out