Key Market Indicators – December Recap 2021
Southeast King County Housing Update - Resale Only
2022 is here, and January 1 marked a historically low level of available unsold inventory in Southeast King County. Fresh off the heels of the holiday season and snowy weather, the local market will see continued strong buyer demand, multiple offers and premium pricing.
The Southeast King County market is virtually sold out up to the $1.5 million price point. Sales Activity Intensity™ is predominantly uber-frenzy for homes priced up to $1 million, and is frenzy from $1 to $1.5 million.
New Year Housing Kick-Off
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
86%
Current
3.29%
30%
Normal
JOHN L. SCOTT’S 2022 HOUSING FORECAST
The year 2022 is poised to be another great year in residential real estate, with strong buyer demand shaping the market. We’ve outlined what’s in store in our 2022 housing forecast, which is available now!
Reach out to your trusted John L. Scott broker associate if you’d like to view the 2022 housing forecast and discuss what the market changes are likely to mean to you in the coming year.
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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.
JOHN L. SCOTT’S 2022 HOUSING FORECAST
The year 2022 is poised to be another great year in residential real estate, with strong buyer demand shaping the market. We’ve outlined what’s in store in our 2022 housing forecast, which is available now!
Reach out to your trusted John L. Scott broker associate if you’d like to view the 2022 housing forecast and discuss what the market changes are likely to mean to you in the coming year.