In this Seattle Real Estate Market Update, I share a consumer story, Seattle housing market stats from November 2020, and present functions for consumers and sellers.
The Seattle actual property market median gross sales worth has leveled off up to now few months however nonetheless stays record-high. In November, we noticed significantly extra properties come in the marketplace than normal for this time of 12 months, nevertheless it was nonetheless nearly half the quantity that got here in the marketplace from the month earlier than. This appears to be like like a backlog of properties promoting that will often promote throughout the springtime in a traditional 12 months. Pending and closed gross sales have elevated as properly and are even larger than within the springtimes of 2018 and 2019! Overall, stock stays low at a bit of over one month of provide. Typically properties promote beneath the asking worth this time of 12 months, however this 12 months properties are promoting above the asking worth.
Applications are that stock is tremendous low and there is not sufficient provide for the present demand of consumers. For sellers, it appears there has by no means been a greater time to promote with so many consumers and excessive gross sales costs. For consumers, rates of interest proceed to stay low and gas the market.
Freddie Mac Mortgage Rates – http://www.freddiemac.com/pmms/
Thinking about shopping for or promoting a house in Seattle quickly? Please do not hesitate to succeed in out! People such as you usually contact me about their actual property targets after discovering me on YouTube. I’d like to convey worth to your private home shopping for or promoting expertise too!
Here are just a few opinions from individuals who found me on YouTube:
You can be taught extra about me on the hyperlinks beneath:
Website – http://www.mcdonaldresidential.com/
Zillow – http://www.zillow.com/profile/mcdonaldresidential/
Facebook – https://www.facebook.com/mcdonaldresidential/
Twitter – https://twitter.com/zachseattle
Instagram – https://www.instagram.com/mcdonaldresidential/
Google – https://goo.gl/maps/NvgkqngqvZKG8ZrB6
Other hyperlinks you may be fascinated by:
November 2020 Seattle Real Estate Market Update (final month) – https://youtu.be/EuCcJwN7lbQ
All Seattle Real Estate Market Updates – https://www.youtube.com/playlist?list=PLTMlhmKUEjtPdxF981uLQ0Oo-zLsoCdMZ
5 Tips for Purchasing Your Home in 2021 – https://youtu.be/KVgyOWaBXC0
Seattle Ranks #13 Best Place to Live within the US – https://youtu.be/E3irCPTmLp0
Buying a House in a Competitive Real Estate Market – https://youtu.be/8rzid7DxJKU
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