Key Market Indicators – November Recap 2021
Kitsap County Housing Update - Resale Only
In contrast to the chilly temperatures outside, Kitsap County’s real estate market is white-hot. There are substantially more homes going under contract than there are new listings, and the market is virtually sold out up to the $1.5 million price point.
Sales Activity Intensity™ is uber-frenzy for Kitsap County homes priced up to $500,000 and extreme frenzy in the $500,000 to $1.5 million range. These two price ranges comprise 97 percent of sales activity locally. Above $1.5 million, sales activity is strong.
White-Hot Winter Market
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
79%
Current
3.18%
30%
Normal
BE BUYER READY, DAY ONE!™
To secure your home of choice, it’s highly recommended to begin the process early by connecting with a trusted broker for a market consultation. Being Buyer Ready, Day One™ is essential to get a home in today’s real estate market. Beginning the financing conversation early is also key – it can help buyers understand what they can afford and create a higher level of seller certainty. The latter can provide a leg up above other buyers in the market, leading a seller to accept your offer.
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THREE IMPORTANT STEPS FOR HOME BUYERS
Position yourself to create a buyer advantage when competing with other buyers and walk in confidence when making an offer. Your broker associate can consult with you to be up-to-date with current market intensity and pricing, get pre-approved or fully underwritten through a lender, and receive email/text notification of newly listed properties. In today’s instant-response market, it’s key to ensure you’re ready to act when the timing is right.
BE BUYER READY, DAY ONE!™
To secure your home of choice, it’s highly recommended to begin the process early by connecting with a trusted broker for a market consultation. Being Buyer Ready, Day One™ is essential to get a home in today’s real estate market. Beginning the financing conversation early is also key – it can help buyers understand what they can afford and create a higher level of seller certainty. The latter can provide a leg up above other buyers in the market, leading a seller to accept your offer.