Key Market Indicators – September Recap 2021
Southeast King County Housing Update - Resale Only
Uber-frenzy Sales Activity Intensity™ continued in Southeast King County throughout the month of September, which supports premium pricing for new listings. The housing market intensity for each new listing will continue its upward trajectory as the first of the year approaches.
In Southeast King County, the market is virtually sold out to the $1.5 million price point. Sales Activity Intensity™ is uber-frenzy for homes priced up to $750,000 (83 percent of sales activity). The $750,000 to $1.5 million range has extreme frenzy Sales Activity Intensity,™ and luxury sales activity above $1.5 million is frenzy.
All Roads Lead to Higher Intensity
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
84%
Current
3.10%
30%
Normal
ALL ABOUT SELLER PEER GROUPS
In order to maximize the sale of your home, it’s important to go into the sale with a complete understanding of the hyperlocal market. Each home has about 10 similar houses known as a seller peer group. This set of houses is similar in size, price and location, but the data on each within the last 1-2 months can help you determine the best pricing strategy with your trusted broker associate.
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SEARCHING FOR NEW LISTINGS WITH JOHN L. SCOTT
Position yourself to create a buyer advantage when competing with other buyers and walk in confidence when making an offer. Your broker associate can consult with you to be up-to-date with current market intensity and pricing, get pre-approved or fully underwritten through a lender, and receive email/text notification of newly listed properties. In today’s instant-response market, it’s key to ensure you’re ready to act when the timing is right.
ALL ABOUT SELLER PEER GROUPS
In order to maximize the sale of your home, it’s important to go into the sale with a complete understanding of the hyperlocal market. Each home has about 10 similar houses known as a seller peer group. This set of houses is similar in size, price and location, but the data on each within the last 1-2 months can help you determine the best pricing strategy with your trusted broker associate.