Key Market Indicators – November Recap 2021
Snohomish County Housing Update - Resale Only
In contrast to the chilly temperatures outside, Snohomish County’s real estate market is white-hot. There are substantially more homes going under contract than there are new listings, and the market is virtually sold out up to the $1.5 million price point.
There is predominantly uber-frenzy Sales Activity Intensity™ for Snohomish County homes priced up to $2 million; this range comprises 99 percent of local sales activity. There is surge Sales Activity Intensity™ from $2 to $3 million and buyer activity is selective above $3 million.
White-Hot Winter Market
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
87%
Current
3.18%
30%
Normal
BE BUYER READY, DAY ONE!™
To secure your home of choice, it’s highly recommended to begin the process early by connecting with a trusted broker for a market consultation. Being Buyer Ready, Day One™ is essential to get a home in today’s real estate market. Beginning the financing conversation early is also key – it can help buyers understand what they can afford and create a higher level of seller certainty. The latter can provide a leg up above other buyers in the market, leading a seller to accept your offer.
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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.
BE BUYER READY, DAY ONE!™
To secure your home of choice, it’s highly recommended to begin the process early by connecting with a trusted broker for a market consultation. Being Buyer Ready, Day One™ is essential to get a home in today’s real estate market. Beginning the financing conversation early is also key – it can help buyers understand what they can afford and create a higher level of seller certainty. The latter can provide a leg up above other buyers in the market, leading a seller to accept your offer.