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Quarterly Market Trends • July 23, 2021

South King County Quarterly Market Reports Q2 2021

by Wendy Severson

The 2021 real estate market continues to be hot! Tight inventory has been a result of intense buyer demand fueled by historically low interest rates and the lucrative tech industry in our area. Also, moves brought about by the COVID effect of remote work options and some people moving towards retirement have brought additional buyers to the marketplace.

 

New listings are actually up from last year, but buyer demand continues to absorb the selection. This has caused above-average year-over-year price appreciation in the double digits. June had the highest number of new listings year-to-date which provided buyers some relief. We hope to continue this trend as we head into the second half of the year.

 

If you would like to know more about how today’s real estate market applies to your financial and lifestyle goals, please reach out. It is always my goal to help keep my clients well informed and empower strong decisions.

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