Скачать или смотреть There are no homes to sell in King County WA | February Market update King County WA

There are no homes to sell in King County WA | February Market update King County WA

The spring real estate market is here early. With fewer new resale homes coming onto the market, there’s a shortage/low level of unsold inventory, especially in the more affordable and mid-price ranges where approximately 80% of sales activity takes place. A combination of pent-up buyer demand, attractive prices and low inventory in King, Pierce and Snohomish counties are driving sales.

While interest rates have tempered a bit, many buyers are moving forward to purchase with an intent to refinance once rates come down more. Last month’s median price for homes that sold in Kitsap County was $487,000, well below the median price in both King County ($723,000) and Snohomish County ($645,000). Prices in Kitsap are down from both a year ago and December, but inventory is tight with slightly more than two months of supply.

Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.

Washington’s Employment Security Department reported a statewide unemployment rate of 4.2% for December. (January figures are not yet published.) In that report, the U.S. unemployment rate was 3.5%. ESD’s county snapshot shows unemployment rates range from 2.8% in King County to 11% in Ferry County.

As the leading resource for the region’s residential real estate industry, NWMLS provides valuable products and services, superior member support, and the most trusted, current listing data and industry information for real estate professionals. NWMLS is a member-owned, not-for-profit organization with more than 2,500 member offices and 32,000 real estate brokers throughout Washington state. With extensive knowledge of the region, NWMLS operates 20 service centers and serves 26 counties, providing dedicated support to its members and fostering a robust, cooperative brokerage environment.

If you are looking to buy or sell a home in King County WA in this spring's market, now is the time to act. With historically low mortgage rates and tight inventory, there are great opportunities to capitalize on the current market. Contact a realtor today to discuss your options and get started.

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Decater Real Estate Group
Exp Realty
111 Front Street N. Suite 202
Issaquah, Wa, 98027
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00:00 Introduction
01:12 Mortgage Rates
02:01 Inflation
03:14 Multiple Offers
04:01 List to Sale Price
05:16 Inventory
07:14 Active Listings
08:36 Sold Homes
10:54 Outro