Eastside, Snohomish County and Seattle
"Intensity Remains Strong for New Listings"
"...we are seeing buyer demand coming forward. Yet given the historically low interest rates, the local market needs additional listings to meet pent-up demand from the backlog of buyers. Due to the COVID-19 situation, there were fewer new listings in April versus April 2019, which leads to fewer homes going under contract as well. However, the sales activity intensity of homes selling within the first 30 days is nearly aligned with last year for homes priced up to $750,000. In this range, sales activity intensity is at frenzy (versus extreme frenzy last year) and you still need to be Buyer Ready to get a home in today’s market!"
-J. Lennox Scott, Chairman & CEO
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