5
Label 05 | Cosectetur adipiscing elit, sed do eiusmod tempor incididu.
4
Label 04 | Cosectetur adipiscing elit, sed do eiusmod tempor incididu.
3
Label 03 | Cosectetur adipiscing elit, sed do eiusmod tempor incididu.
2
Label 02 | Cosectetur adipiscing elit, sed do eiusmod tempor incididu.
1
Label 01 | Cosectetur adipiscing elit, sed do eiusmod tempor incididu.
5
Key Market Indicators – September Recap 2020
Eastside Housing Update - Resale Only
We continue to be virtually sold out on the Eastside. Additionally, the past three months set individual monthly records for the number of homes going under contract in central Puget Sound as well as an all-time high for the median home price in King County. There is an extreme shortage of homes priced up to $1.5 million on the Eastside and sales activity intensity is at extreme frenzy; 85 percent of sales activity occurs in this price range.
There has also been a record-setting number of luxury properties going under contract. In the $1.5-2 million range, sales activity intensity is at surge, and there is a severe shortage of inventory. The $2-5 million range has very strong sales activity intensity and a severe shortage of inventory.
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
72%
Current
3.04%
30%
Normal
Hitting Records Left and Right
THE REAL ESTATE MARKET IS IN ROTATION
COVID-19 has made many reflect on what their home means to them. As a result, many people are looking to create that ideal place to call home - whether that means refinancing, remodeling, or moving.
This reflection, along with historically low interest rates, have opened up possibilities for those looking to move within their local market or find a new home elsewhere with their family, friends and lifestyle in center view.
No matter what you’re looking for in a home, a trusted real estate professional can help you along the way.
Tap to enlarge and zoom
