Southeast King County Housing Update - Resale Only
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE
INTEREST
RATES
3.18%
MONTHS
SUPPLY SCALE
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Source: NWMLS - Resale only
© 2024 John L. Scott Real Estate
CURRENT INTEREST RATE
September 3, 2024 Source: Mortgage News Daily
6.40%
As of August 17, buyers utilizing the services of a REALTOR® to purchase a residential property must sign a written services agreement (otherwise known as a Buyer Representation Agreement) before any real estate brokerage services are rendered. However, no agreement is required to visit an open house. Please consult with your John L. Scott representative for more information.
Visiting Open Houses
Interest rates are forecasted to continue to ease over the next few months which will prompt additional home buyers to enter the market. This increase in demand will cause higher Sales Activity Intensity™ of new resale listings going under contract in the first 30 days.
Interest Rates Start to Lower
Key Market Indicators SEPTEMBER 2024 (AUGUST RECAP)