In order to help potential real estate clients Realtor.com has created a weekly Housing Market Recovery Index. Normally I would not pay much attention to a tool like this because Seattle is
Snohomish County Housing Report Analysis For April 2020
REAL ESTATE MARKET REMAINS IN MOTION DESPITE THE COVID-19 OUTBREAK
THE HOUSING MARKET SNOHOMISH COUNTY Analysis For April 2020
A few things that really stuck out to me as I was compiling the March stats.
- Despite The Average Sales Price jumped up $16,758 to $531,241
- Average Number of Days on Market slid down 3 days to 30 days
- Percentage of Sold Price to List Price rose .6% to 100.8%
- Snohomish County remains in a housing shortage with just .8 months supply of inventory <li">There were more New Listings, Pending Sales and Closed Sales this month than last
What that story tells me is
Despite the COVID-19 Crisis buyers are still hungry for new listings.
With still amazingly low interest rates, and a low level inventory the last couple of years the Seattle real estate market should remain in the surge to frenzy status for the foreseeable future.
If you are selling the average sales price is at all time highs, and 72% of homes are selling in the first 30 days.
If you are buying the interest rates have never been lower and this is typically the time of year when more listings start coming on the market.
There are 3 important steps you should take to get ready to buy.
Position yourself to create a buyer advantage when competing with other buyers and walk in confidence when making an offer.
The Madrona Group can consult with you to be:
In today’s instant-response market, it’s key to ensure you’re ready to act when the timing is right.
TO VIEW THE FULL REPORT PLEASE VISIT: https://www.themadronagroup.com/snohomish-county-real-estate-market-analysis/
The best way to find yourself is to lose yourself in the service of others. ~ Gandhi Jason Fox was born in Everett, WA currently lives in the Meadowdale neighborhood in Lynnw....
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