"It’s multiple-offer everything"
Snohomish County:
"With unsold inventory down 45 percent in Feb. 2020, compared to Feb. 2019. Inventory is at an extreme shortage up to $1 million (97 percent of sales activity takes place in this range), and sales activity intensity is at extreme frenzy. Sales activity intensity over $1 million is at surge."
Eastside:
"With unsold inventory down 47 percent in Feb. 2020, compared to Feb. 2019. Inventory is at an extreme shortage up to $1 million (66 percent of sales activity takes place in this range), and sales activity intensity is at extreme frenzy. Luxury homes on the Eastside priced in the $1 million to $1.5 million range will see frenzy sales activity intensity in the spring. Sales activity intensity will be at surge in the spring for homes in the $1.5 to $2 million range, and strong above that."
Seattle:
"With unsold inventory down 38 percent in Feb. 2020, compared to Feb. 2019. Inventory is at a severe shortage up to $1 million (82 percent of sales activity takes place in this range), and sales activity intensity is at extreme frenzy. Luxury homes in Seattle priced in the $1 million to $1.5 million range will see frenzy sales activity intensity in the spring. Sales activity intensity will be strong in the spring for homes in the $1.5 to $3 million range."
" Historically low interest rates should help the housing market sustain strong momentum during the coronavirus outbreak. Many buyers will look to take advantage of low rates; current homeowners who are not selling may consider refinancing to a lower rate."
-J. Lennox Scott, Chairman & CEO
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