Market Update - August 2022

Welcome to your August 2022 Seattle Real Estate Market Update! We know you’re probably pretty hot… this has been a hot summer. However, is the real estate market just as toasty? Well, let’s find out! Getting down to business - what IS the latest in the Seattle area real estate market? Thanks for asking! Home prices are up everywhere, yet again - 2.66% in King County, up 6.7% in Seattle, and up 2.8% on the Eastside. Mortgage rates are still on a bumpy ride in recent weeks, hovering in that 5.25% range. While we have noticed a dip in buyer showings and offers written, we are still TECHNICALLY in a seller's market, with just 1.86 months of active inventory available for buyers to purchase in all of King County. Watch the full video to hear Aaron and Diane talk about the impacts of the increased prices, the changing dynamics of the inventory, and more real estate tidbits with a bit of comedy mixed in! There is a lot packed into this five-minute video! Thank you for watching.

Seattle Realtors Aaron Janus and Diane Davi of the JanusGroup at RE/MAX Integrity dive deep into the latest numbers and stats to show you exactly what the Seattle real estate market is doing right now in July 2022, and what it means for you if you're looking to buy or sell a home or condo right now.

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