Last month saw the largest monthly number of new listings since May 2019. However, supply is extremely anemic at just 1.04 months of supply.
Buyer demand continues to be incredibly strong๐ช with multiple bids becoming a norm.
โ๏ธThe supply/demand imbalance is causing prices to accelerate.
๐Median home price in King County has increased by 7.20% while it jumped by 13.4% in Pierce County, by 13.84% in Snohomish County and by 11.84% in Kitsap County.
๐
๐จ๐ซ ๐ฉ๐๐ซ๐ฌ๐ฉ๐๐๐ญ๐ข๐ฏ๐, ๐ข๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ ๐๐จ๐ฎ๐ ๐ก๐ญ ๐ ๐ก๐จ๐ฆ๐ ๐ฌ๐๐ฒ ๐๐จ๐ซ $๐๐๐๐ค ๐ข๐ง Snohomish ๐๐จ๐ฎ๐ง๐ญ๐ฒ ๐ ๐ฒ๐๐๐ซ ๐๐ ๐จ ๐ฐ๐ข๐ญ๐ก ๐๐% ๐๐จ๐ฐ๐ง ๐ข.๐., $๐๐๐๐ค ๐๐จ๐ฐ๐ง ๐ฉ๐๐ฒ๐ฆ๐๐ง๐ญ, ๐ฒ๐จ๐ฎ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐ก๐๐ฏ๐ ๐๐๐๐๐ $๐๐ก,๐๐๐ ๐ข๐ง ๐ฐ๐๐๐ฅ๐ญ๐ก ๐ฏ๐ข๐ ๐ก๐จ๐ฆ๐ ๐๐ช๐ฎ๐ข๐ญ๐ฒ. ๐๐จ, ๐ฒ๐จ๐ฎ๐ซ $๐๐๐๐ค ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐ก๐๐ฌ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ $๐๐ก,๐๐๐ ๐๐๐. ๐๐จ ๐ฐ๐จ๐ง๐๐๐ซ, ๐๐๐๐ฅ ๐๐ฌ๐ญ๐๐ญ๐ ๐ข๐ฌ ๐๐จ๐ง๐ฌ๐ข๐๐๐ซ๐๐ ๐ญ๐จ ๐๐ ๐๐ง ๐๐ฌ๐๐๐ฅ๐๐ญ๐จ๐ซ ๐ญ๐จ ๐ ๐๐ง๐๐ซ๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐ฐ๐๐๐ฅ๐ญ๐ก.
๐คThinking of buying or selling? This is a great time to do it to take advantage of the historic lowest Mortgage rates to buy that dream home or a few cashflow investment properties.
๐๏ธVisitย www.inbestments.comย to get access to true wealth-building homes whether you are buying your first home or 60th investment property for cash flow/equity growth.
๐Questions? Please feel free to message us.
