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 – November Recap 2020
Eastside Housing Update - Resale Only
During the winter months, we see more homes going under contract than new resale listings. On the Eastside, the housing market is anything but calm, with predominantly frenzy and extreme frenzy sales activity intensity for homes priced up to $2 million. We are virtually sold out in this price range, which comprises 93 percent of sales activity locally.
In the Eastside luxury market, sales activity intensity is at frenzy and extreme frenzy for homes priced from $1 to 2 million. In the $2 to 5 million range, unsold inventory is at a shortage and sales activity intensity ranges from strong to frenzy. Buyer activity is selective for homes priced above $5 million.
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
76%
Current
2.82%
30%
Normal
The Holiday Rush Is On For Housing
LISTING YOUR HOME IN THE WINTER
At John L. Scott, we always maintain that the best time to buy or sell a home is whichever time is right for your individual circumstances. If you’re looking to make a move within the next few months, it’s a great time to list your home.
Though real estate activity typically chills down in alignment with the dropping temperatures, this year is a bit different given the historically low interest rates. Buyer demand is high, and with low unsold inventory available, all eyes will be on each new listing that goes on the market. If you’re interested in selling, connect with your trusted broker associate today.
Tap to enlarge and zoom
