Social Links Widget

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

Quarterly Market Trends • South King County • July 20, 2021

South King County Quarterly Market Reports Q2 2021

by Aranka Fruehauf

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
Eastside QUARTERLY REPORTS Q3 2024 The third quarter saw an increase in inventory, a decrease in interest rates, and continued price stability. Interest rates continue to be volatile, and in Q3 they came down by almost 2 points year over year. This caused more buyers to enter the market and pending sales to rise. The number of available listings has […]
North King County QUARTERLY REPORTS Q2 2024 Home values had positive growth in the second quarter of 2024, and inched close to the peak levels we saw in Q2 2022 before the post-pandemic housing correction. Despite inflation and interest rates remaining stubborn, demand has continued to be strong, resulting in a seller’s market. A bright light for buyers is the recent uptick […]
Eastside QUARTERLY REPORTS Q1 2024 After an almost two-year journey of recovery and stabilization since the spring 2022 correction, the market has started to experience solid price appreciation. The median price in Q1 2024 vs. Q1 2023 shows that despite interest rates remaining stubborn, buyer demand is returning to the market. Improved consumer confidence and acclimation to lending costs have caused […]
Windermere Real Estate/North, Inc. - Windermere
Terms of Use  &  Privacy Policy
Accessibility Statement | Fair Housing Notice
© 2024 Windermere Real Estate