Скачать или смотреть Puget Sound Housing Update: October 2021

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Thanks for watching The Goelzer Home Team's monthly housing market update for the Western Washington Puget Sound Region. Are you or somebody you know looking to buy, sell, or invest in the Seattle / Bellevue / Tacoma / Puyallup / Olympia areas? If so, we'd love to help!

HOUSING UPDATE SUMMARY:

►Inventory Remains Low, But Slowly Increasing: With approximately 0.75 months of inventory throughout the Puget Region (a slight increase over last month), available homes for sale remain low, putting continued pressure on buyers regarding selection and pricing.

►Fewer Bidding Wars & More Negotiations: While prices continue to increase in parts of the region, the rate of increase is definitely slowing, resulting in fewer multiple offer situations (this is highly dependent on the specific neighborhood). We are also seeing more buyer/seller negotiations throughout the inspection process… a hint toward moving away from a purely seller’s market.

►Condo Sales are Up: After a year plus, buyers are targeting condo ownership as they search for housing closer to urban work centers that are more affordable. Last month in King County the median selling price of a single-family home was $825,600, while for condos it was $466,501.

►Interest Rates Continue to be Exceptional: Ongoing low interest rates continue to help buyers, but uncertainty exists in how long the federal government will support these existing interest rates. If you are not going to sell anytime soon, this would be a great opportunity to refinance.

►When Selling, “Price It Right” and Make It “Move-In-Ready”: Buyers are still willing to pay top dollar for homes, but are definitely being more selective and expect “Move-In-Ready” homes that are updated, clean, and defect-free.

The full article with further details is available on our blog at: http://www.GHTHomes.com​​

The Goelzer Home Team
Keller Williams Realty Puget Sound
33434 8th Ave S, Ste. 103
Federal Way, WA 98003
(253) 244-3433

Each office independently owned and operated. Information and statistics compiled and reported by the Northwest Multiple Listing Service.