Social Links Widget

Click here to edit the Social Media Links settings. This text will not be visible on the front end.

General Market Info • Local Market Analysis • July 20, 2021

North Snohomish County Quarterly Market Reports Q2 2021

by Brian Hayter

The 2021 real estate market continues to be hot! Tight inventory has been a result of intense buyer demand fueled by historically low interest rates and the lucrative tech industry in our area. Also, moves brought about by the COVID effect of remote work options and some people moving towards retirement have brought additional buyers to the marketplace.

 

New listings are actually up from last year, but buyer demand continues to absorb the selection. This has caused above-average year-over-year price appreciation in the double digits. June had the highest number of new listings year-to-date which provided buyers some relief. We hope to continue this trend as we head into the second half of the year.

 

If you would like to know more about how today’s real estate market applies to your financial and lifestyle goals, please reach out. It is always my goal to help keep my clients well informed and empower strong decisions.

Related Articles
Community Info New Agency Law Changes: Transparency, Consumer Protection & Commitment On January 1, 2024, major changes to the Law of Agency will go into effect. These changes result from the real estate industry in the state of Washington wanting to elevate the level of transparency and consumer protection surrounding buyer representation. Senate Bill 5191 was voted into law requiring adjustments in how brokers operate when working with […]
Community Info QUARTERLY REPORTS Q3 2023 Tight inventory and buyer demand helped fuel the market in the third quarter of 2023 despite rising interest rates. There have been fewer listings in 2023 than in 2022 which has created price growth since the first of the year. Prices peaked in spring 2022, corrected in the second half of 2022, and then they […]
Community Info The Low Inventory Effect: Nationally & Close to Home The video below from Matthew Gardner, Windermere’s Chief Economist, refers to the effects of constricted inventory levels on the national housing market in a higher interest rate environment. Review the localized numbers that I gathered that pertain to King and Snohomish Counties and then check out what he has to say about the national trends. […]
Windermere Real Estate/North, Inc. - Windermere
Terms of Use  &  Privacy Policy
Accessibility Statement | Fair Housing Notice
© 2024 Windermere Real Estate