Snohomish Count Housing Market Report APRIL 2022 | Extremely Strong Spring Housing Activity
Snohomish County Area Housing Market Report for May 2022 For the full market report please visit: https://www.themadronagroup.com/snohomish-county-real-estate-market-trends-monthly/ Jason will discuss 3 major indicators of the Snohomish County real estate market: 1. % of new listings that go pending within the first 30 days of being on the market - 89.5% 2. Current interest rates - 5.55% (mortgage news daily) 3. Housing inventory levels - Extreme Shortage "HOUSING MARKET HEADING TOWARD NORMALCY In April, the Snohomish County housing market shifted down several levels of hotness from March as we move toward the strong market we saw pre-pandemic. This intensity adjustment means multiple offers will not be as commonplace as they’ve been in the last two years. Additionally, premium pricing, which is the amount a home sells for above list price, is softening as well. Looking ahead, although we anticipate the number of unsold homes on the market will increase on a seasonal basis, there will still be elevated buyer focus on each new listing. Despite higher interest rates, there is still a significant backlog of buyers looking to purchase a home, underscoring the strength of the market." ~ J Lennox Scott, CEO of John L. Scott and 21st Most Influential Person in Real Estate Despite an slight increase in interest rates and more listings coming on the market last month it is not enough to make a dent in the housing shortage in Snohomish County. Jason will also share some interesting statistics that he discovered while completing the full monthly analysis... all in under 60 seconds. ››››› Contact Jason Fox ››››› (425) 299-8454 ››››› jason at themadronagroup.com ››››› https://www.themadronagroup.com/contact-us/ You may also enjoy: ~~ Top 9 Reasons People are Moving to Seattle: https://youtu.be/ElppjQByQTk ~~ Condo Vs. House Vs. Townhouse: https://youtu.be/N9VPZGNVmUU ~~ How Much Down Payment Do You Need To Buy A House: https://youtu.be/8L4l9hwWENE ~~ What is a Seller's Market: https://youtu.be/nsQCsF8s7cw ~~ Seattle Housing Market Report: https://www.themadronagroup.com/seattle-housing-market-report ~~ Top 3 Things Every Homeowner Should Know: https://www.themadronagroup.com/top-3-things-homeowners-need-to-know-in-2021/ You can also find us here: Facebook: https://www.facebook.com/themadronagroup Twitter: https://twitter.com/themadronagroup Instagram: https://www.instagram.com/themadronagroup Zillow: https://www.zillow.com/profile/Joe-Kiser Blog: https://www.themadronagroup.com/blog-puget-sound-real-estate-news John L. Scott Ballard | Madrona Group 5306 Ballard Ave NW #206 Seattle, WA 98107 (206) 899-5155 help at themadronagroup.com www.TheMadronaGroup.com
Snohomish County Area Housing Market Report for May 2022 For the full market report please visit: https://www.themadronagroup.com/snohomish-county-real-estate-market-trends-monthly/ Jason will discuss 3 major indicators of the Snohomish County real estate market: 1. % of new listings that go pending within the first 30 days of being on the market - 89.5% 2. Current interest rates - 5.55% (mortgage news daily) 3. Housing inventory levels - Extreme Shortage "HOUSING MARKET HEADING TOWARD NORMALCY In April, the Snohomish County housing market shifted down several levels of hotness from March as we move toward the strong market we saw pre-pandemic. This intensity adjustment means multiple offers will not be as commonplace as they’ve been in the last two years. Additionally, premium pricing, which is the amount a home sells for above list price, is softening as well. Looking ahead, although we anticipate the number of unsold homes on the market will increase on a seasonal basis, there will still be elevated buyer focus on each new listing. Despite higher interest rates, there is still a significant backlog of buyers looking to purchase a home, underscoring the strength of the market." ~ J Lennox Scott, CEO of John L. Scott and 21st Most Influential Person in Real Estate Despite an slight increase in interest rates and more listings coming on the market last month it is not enough to make a dent in the housing shortage in Snohomish County. Jason will also share some interesting statistics that he discovered while completing the full monthly analysis... all in under 60 seconds. ››››› Contact Jason Fox ››››› (425) 299-8454 ››››› jason at themadronagroup.com ››››› https://www.themadronagroup.com/contact-us/ You may also enjoy: ~~ Top 9 Reasons People are Moving to Seattle: https://youtu.be/ElppjQByQTk ~~ Condo Vs. House Vs. Townhouse: https://youtu.be/N9VPZGNVmUU ~~ How Much Down Payment Do You Need To Buy A House: https://youtu.be/8L4l9hwWENE ~~ What is a Seller's Market: https://youtu.be/nsQCsF8s7cw ~~ Seattle Housing Market Report: https://www.themadronagroup.com/seattle-housing-market-report ~~ Top 3 Things Every Homeowner Should Know: https://www.themadronagroup.com/top-3-things-homeowners-need-to-know-in-2021/ You can also find us here: Facebook: https://www.facebook.com/themadronagroup Twitter: https://twitter.com/themadronagroup Instagram: https://www.instagram.com/themadronagroup Zillow: https://www.zillow.com/profile/Joe-Kiser Blog: https://www.themadronagroup.com/blog-puget-sound-real-estate-news John L. Scott Ballard | Madrona Group 5306 Ballard Ave NW #206 Seattle, WA 98107 (206) 899-5155 help at themadronagroup.com www.TheMadronaGroup.com