Housing Market: Virtually Sold Out
Normal
BE MARKET READY, DAY ONE™!
Key Market Indicators – November Recap
Kitsap County Housing Update - Resale Only
December marks a low point for new listings, and a shortage of inventory this year in the more affordable and mid-price ranges means the pressure is on, despite the winter chill. In the more affordable and mid-price ranges up to $500,000 in Kitsap County, there is currently frenzy-level sales activity intensity; this range comprises 75 percent of sales activity.
All the focus is on each new listing in the current market, which sends prices higher in the more affordable and mid-price ranges. Buyers should be Buyer Ready, Day One™ to secure the home of their choice.
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
66%
30%
SCALE: MONTHS SUPPLY
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 Market 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.
3.76%
Current
Source: Mortgage News Daily