% Pending 1st 30 days (April List) 44 140 136 105 27 21 473
Key Market Indicators – August Recap
WHAT’S YOUR HOME WORTH?
Thurston County Housing Update - Resale Only
We are entering the winter phase of the yearly housing cycle, during which the winter clean-up of unsold inventory occurs. This clean-up is spurred by listings expiring and homes taken off the market by sellers who wish to reposition in the spring. Come January 1, unsold inventory will be at the lowest point of the year – down about 40 percent from the peak in summer. Strong job growth and low interest rates in the threes have already built up a pressure cooker in the more affordable and mid-price ranges, where 62 percent of sales occur. Strong price appreciation is ahead, and we anticipate frenzy sales activity intensity after the first of the year, up through the mid-price ranges.
Pressure is Already on for Spring Housing Market
Average % of New Listings (Pending) in the First 30 Days
SCALE: MONTHS SUPPLY
Key Market Indicators – October Recap
Active Listings on June 1st 44 140 136 105 27 21 473
John L. Scott recently launched a home price valuation platform powered by Buyside that can help you understand what your home could be worth in today’s market. Simply plug in your address and receive up to three different computer-generated home price estimates. However, it takes more than an algorithm to determine your home’s worth. Contact your broker associate to learn more about this tool, along with today’s current market price and seller marketing strategies.
Source: Mortgage News Daily
Unbelievable Interest Rates