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3.55%
Eastside Housing Update - Resale Only
Fall Real Estate Market Makes an Entrance
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Normal
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Average % of
New Listings (Pending)
in the First 30 Days
For many people, their home is the single biggest financial investment they make in their lifetime. Because of this, many homeowners want to ensure their home will sell in a reasonable time frame and for the best price possible when they decide to put it on the market. At John L. Scott, we believe there are two things you can’t compromise on to find success when selling: personal representation and seller marketing excellence. Our brokers provide both essentials to sellers!
August List 2019
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48%
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As we enter the fall housing market, both interest rates and job growth in Puget Sound are extremely strong. The next two months — September and October — are historically the best for selection and availability out of the next six months. After a huge influx of new listings in May 2019, the last three months have seen fewer new listings than last year on the Eastside. In August, pended listings were close to the same level as the prior month while unsold inventory was lower.
Last month, the Eastside’s luxury market had slightly fewer active listings, but slightly more pended listings versus August 2018. Inventory was at a shortage in the $1 to 1.5 million range, which is where 62 percent of luxury sales take place.
5
3
Current
Unbelievable Interest Rates
SCALE: MONTHS SUPPLY
5
2
30%
TWO ESSENTIALS TO SELL YOUR HOME
4
Current
Source: Mortgage News Daily
Key Market Indicators – August Recap
1