Seattle Real Estate Market Update [July 2021] - Market in a Minute

Here is your 𝑺𝒆𝒂𝒕𝒕𝒍𝒆 𝑹𝒆𝒂𝒍 𝑬𝒔𝒕𝒂𝒕𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑼𝒑𝒅𝒂𝒕𝒆 for July 2021. Your Market In A Minute Video, everything you need to know about the Seattle Real Estate market in 1 minute!!

If you watch 1 video this month about real estate, make it this one!

𝗧𝗼𝗽𝗶𝗰𝘀 𝘁𝘆𝗽𝗶𝗰𝗮𝗹𝗹𝘆 𝗰𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻𝗰𝗹𝘂𝗱𝗲:
King County, Snohomish County, Pierce County, Thurston County Real Estate Markets
► Seattle Housing Issues
► Seattle Real Estate News
► Seattle Realtor - Broker Trends
► Seattle Housing Market Forecast 2021

𝑴𝒂𝒓𝒌𝒆𝒕 𝒐𝒇𝒇𝒆𝒓𝒔 𝒉𝒐𝒑𝒆 𝒇𝒐𝒓 𝒉𝒐𝒎𝒆𝒃𝒖𝒚𝒆𝒓𝒔, 𝒃𝒖𝒕 𝑵𝒐𝒓𝒕𝒉𝒘𝒆𝒔𝒕 𝑴𝑳𝑺 𝒃𝒓𝒐𝒌𝒆𝒓𝒔 𝒔𝒂𝒚 𝒊𝒕 𝒎𝒂𝒚 𝒃𝒆 𝒕𝒆𝒎𝒑𝒐𝒓𝒂𝒓𝒚
Homebuyers may find some good news in the latest report from Northwest Multiple Listing Service (NWMLS). The number of active listings at the end of June, 6,358, reached the highest level since November when buyers could choose from 6,505 properties. The volume of new listings added last month was the highest number in 17 months (13,111 last month versus 14,689 at the end of November 2019).

"Homebuyers will be happy to hear that between May and June the number of listings in King, Pierce, and Snohomish counties rose, giving them more homes to choose from and possibly easing the pressure just a little," remarked Matthew Gardner, chief economist at Windermere Real Estate.

For the tri-county area, total active listings of single family homes and condominiums increased 14.5% from May. System-wide, the report covering all 26 counties served by Northwest MLS shows month-to-month inventory improved 14.9%.

"Buyers need some relief, so I hope this trend continues," said Gardner.

Broker Dean Rebhuhn, owner at Village Homes and Properties, agreed the slight increase in new listings is good news for buyers, but tempered his optimism. "Low inventory and high demand coupled with low interest rates continue to drive up the market." He also noted Kittitas County "is no exception to brisk sales. Many homes in that county are selling within one or two weeks."

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