Key Market Indicators – June Recap 2021
Southeast King County Housing Update - Resale Only
The Southeast King County market is virtually sold out up to $1 million, which places extra focus on each new resale listing as it comes onto the market. We expect this extremely high intensity will continue in most price ranges locally into the spring of 2022, due to historically low interest rates creating a large backlog of buyers looking to purchase a home.
Sales Activity Intensity™ in Southeast King County is at uber frenzy up to $1 million (95 percent of sales take place in this range). In the $1 to $1.5 million price range, Sales Activity Intensity™ is extreme frenzy, and there is strong luxury sales activity above $1.5 million.
It’s All About Each New Listing!
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
90%
Current
3.18%
30%
Normal
SEARCHING FOR NEW LISTINGS WITH JOHN L. SCOTT
The home search on JohnLScott.com offers many options for buyers looking for their next home. Search by geographic area or school district boundary, then filter your results by listing status, price, property type, home features and more.
You can also set up text notifications of new listings that fit your desired criteria, so you’ll be in-the-know when promising new homes come on the market!
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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.
SEARCHING FOR NEW LISTINGS WITH JOHN L. SCOTT
The home search on JohnLScott.com offers many options for buyers looking for their next home. Search by geographic area or school district boundary, then filter your results by listing status, price, property type, home features and more.
You can also set up text notifications of new listings that fit your desired criteria, so you’ll be in-the-know when promising new homes come on the market!