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"As predicted, prices are rising as a power surge of buyers has entered the market, compounding the backlog of holiday buyers."
Snohomish County:
"In Snohomish County, homes priced up to $750,000 (this range comprises 90 percent of sales activity) are virtually sold out. Overall unsold inventory is down 45 percent compared to Jan. 2019, and the lack of homes for sale is pushing prices higher."
Eastside:
"Unsold inventory is down 54 percent compared to Jan. 2019, and the number of new listings is also down. The luxury market is also feeling the pressure on the Eastside, with listings virtually sold out in the $1 million to 1.5 million range. There is a strong market for luxury properties priced above $1.5 million."
Seattle:
"Unsold inventory is down 42 percent compared to Jan. 2019, and the number of new listings is also down. The luxury market is also feeling the pressure in Seattle, with listings virtually sold out in the $1 million to 1.5 million range. There is a strong market for luxury properties priced above $1.5 million."
"These conditions, along with historically low interest rates and continued extreme job growth means the focus is on each new listing hitting the market."
-J. Lennox Scott, Chairman & CEO
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