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Homes by JRS, Blog

Monday, October 19, 2020   /   by Jordan Stupey

South Snohomish County Quarterly Market Trends – Q3 2020

 

The real estate market continued to positively perform in the third quarter and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in the market.
Interest rates remain historically low hovering around 3% and creating robust buyer demand and a competitive marketplace. Coupled with available inventory being down 72% complete year-over-year, the third quarter saw many home sales escalate in price due to multiple offers. This perfect storm of supply and demand has amped up price appreciation. With only 0.4 months of available inventory based on pending sales, the median price is up 9% complete year-over-year.
 
Inventory is down due to the high absorption rate which resulted in many sales. There was a delay in homes coming to market in the spring, but the summer months got us w ...

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Monday, October 19, 2020   /   by Jordan Stupey

North King County Quarterly Market Trends – Q3 2020

 

The real estate market continued to positively perform in the third quarter, and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in the market.
Interest rates remain historically low, hovering around 3% and creating robust buyer demand and a competitive marketplace. Coupled with available inventory being down 45% complete year-over-year, the third quarter saw many home sales escalate in price due to multiple offers. This perfect storm of supply and demand has maintained price appreciation. With only 0.7 months of available inventory based on pending sales, the median price is up 3% complete year-over-year.
 
Inventory is down due to the high absorption rate which resulted in many sales. There was a delay in homes coming to market in the spring, but the summer months got us wi ...

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Monday, October 19, 2020   /   by Jordan Stupey

Eastside Quarterly Market Trends – Q3 2020

 

The real estate market continued to positively perform in the third quarter, and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in the market.
Interest rates remain historically low, hovering around 3% and creating robust buyer demand and a competitive marketplace. Coupled with available inventory being down 58% complete year-over-year, the third quarter saw many home sales escalate in price due to multiple offers. This perfect storm of supply and demand has amped up price appreciation. With only 0.6 months of available inventory based on pending sales, the median price is up 6% complete year-over-year.
 
Inventory is down due to the high absorption rate which resulted in many sales. There was a delay in homes coming to market in the spring, but the summer months g ...

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Monday, October 19, 2020   /   by Jordan Stupey

Seattle Metro Quarterly Market Trends – Q3 2020

 

The real estate market continued to positively perform in the third quarter, and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in the market.
Interest rates remain historically low, hovering around 3% and creating robust buyer demand and a competitive marketplace. Coupled with available inventory being down 17% complete year-over-year, the third quarter saw many home sales escalate in price due to multiple offers. This perfect storm of supply and demand has maintained price appreciation. With only 1.1 months of available inventory based on pending sales, the median price is up 3% complete year-over-year.
 
Inventory is down due to the high absorption rate which resulted in many sales. There was a delay in homes coming to market in the spring, but the summer months ...

Read More

Monday, October 19, 2020   /   by Jordan Stupey

North Snohomish County Quarterly Market Trends – Q3 2020

 

The real estate market continued to positively perform in the third quarter, and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in the market.
Interest rates remain historically low, hovering around 3% and creating robust buyer demand and a competitive marketplace. Coupled with available inventory being down 55% complete year-over-year, the third quarter saw many home sales escalate in price due to multiple offers. This perfect storm of supply and demand has amped up price appreciation. With only 0.5 months of available inventory based on pending sales, the median price is up 8% complete year-over-year.
 
Inventory is down due to the high absorption rate. There was a delay in homes coming to market in the spring, but the summer months finally caught us up with the ...

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