However, homes in the 350K-500K price range sold the fastest.82% of homes are selling in less than 30 days in Snohomish County.

That number is usually closer to 30%.Houses in the 350K-500K price range are selling 86% of the time in the first 30 days.Because there are less homes for sale and there are still many buyers trying to buy… the homes that do list are usually selling very fast.We have already seen where a low inventory should drive up prices. We are virtually sold out, and the number of homes going under contract is strong.

The percentage of homes that sold in the first 30 days is 81%. We will discuss the 3 major factors in determining the strength of the market.Here are a few of the things that really stuck out to me while compiling all the stats for the Snohomish housing market report this month.That home sellers are feeling safe about putting their home on the market and there are plenty of buyers that are still waiting for more.The majority of national economists have suggested that it will be the real estate market that pulls up the economy, and so far it is playing out.As I have been reporting for the last 4 months that buyer indicators have never really declined, and now we are seeing the seller indicators hit all time highs.According to the Realtor.com Seattle Housing Market Recovery Index the US market is sitting at a 103.7 of 100, while the Seattle/Bellevue/Tacoma market is sitting at 116.8 of 100.We are seeing spring like sales activity late into summer.With still amazingly low interest rates, and a low level inventory the last couple of years the Snohomish County real estate market should remain in the surge to frenzy status for the foreseeable future.COVID-19 continues to affect our industry in many ways, but it does not seem to be having a lasting impact on residential real estate sales.If you are selling the average sales price is at all time highs, and 81.7% of homes are selling in the first 30 days.

The average days on market decreased to 22 days, the percentage of sale price to listing price increased slightly to … 5 predictions for the housing market in Snohomish and King County in 2020 This is hyperlocal that we're talking about right here, so it's important that I make sure you understand that. In comparison 5 years ago the average sales price was $355,275.In addition the average home is selling for .7% higher than it is listed as.In order for it to be a sellers market there must be buyers. Beds. If you would like to download the image: The average days on market decreased to 22 days, the percentage of sale price to listing price increased slightly to 100.7%, and the average sales price increased. Make sure you are preapproved and underwritten; this strengthens your offer a great deal!Be in a position to buy when you find the perfect homeThis could be a mistake, especially if you are a contingent buyer.Don’t wait to start the process until you find the perfect home. Homes are selling at a rapid pace, the Interest Rates are still at below average lows.The jury is still out on the job market and population growth.Be sure to subscribe to our newsletter to get updated information about the Snohomish County.Copyright ©2020 John L. Scott Ballard | Madrona Group | John L Scott Madrona Group | Ballard Real Estate OfficeJohn L Scott Madrona Group | Ballard Real Estate OfficeMarket Insights, Statistics, Graphs, And Infographs2.87% Interest Rates, the lowest ever recorded by Freddie Mac!The Snohomish County Real Estate Market Forecast For August 2020Along with following all state mandated safety guidelines and taking extra precautions we are focusing on delivering “Over the past year, Washington’s ranking in economic growth and competitiveness rose from fifth highest to fourth highest in the nation, according to a September The Snohomish County Housing Market Analysis INFOGRAPHICWe put this list together every month. With the interest rates at the Absurd rate of 2.87% a decrease AGAIN from last month (source: Mortgage News Daily)According to both Zillow and John L Scott’s massive data set we are typically in a wind down portion of the season. That means that if no more homes are listed, they will all be sold in a month! That is up 96 from the previous month, up 5 from last year, and up 92 from 5 years ago.As you can see in Snohomish County homes in the 350K-750K price range are the most commonly listed and sold. The real estate market is Shifting. Listings. Showing that despite the crisis, with interest rates low, buyers are out there.

SOLD AUG 15, 2020. 1000 Southeast Everett Mall Way, Suite #201 Everett, WA, 98208 If you are thinking about selling, give us a call. The Luxury market in Snohomish County is also very active during this time.With only .5 months of supply if no other homes were listed in the next 15 days we would run out of houses to buy.If you are looking for homes over 1 million you are seeing a little more inventory with 1.3 months of inventory.As you can see from the table above anything below 5 months is considered low.

Stay ahead of the game!While all this is happening, we are working diligently to provide the best service we can to our clients. If you are interested in seeing past months you can access the archive below: In June 2020, the median list price of homes in Snohomish County, WA was $545K, trending up 9.2% year-over-year. Market Insights. Start when you think you’re ready and then be in a strong position when the perfect home comes around. Baths. Ft. Christopher ... More Real Estate Resources for Snohomish County.

Be prepared when shopping! Recently Sold Listings in Snohomish County. The average sale price for Seattle homes is $564,219.

2,310. 19821 Damson Rd Lynnwood, WA 98036. Right now there is only about 1 month of inventory.

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