Market Update - December 2021

In the latest episode of Market Update for December 2021, Aaron Janus and Diane Davi give us an in-depth look at the current state of the Seattle real estate market. Home sale prices continue to rise across King County - an increase of 8% year-over-year, to $740,000. Demand from Seattle area home buyers remains very strong as we head into winter, continuing to outpace the supply of new homes coming on the market. As we erect our Festivus poles and chill our champagne for the end-of-year festivities, we continue to find ourselves in a competitive seller's market, holding steady with only two weeks of homes available for purchase. This is balanced out by the 30-year fixed-rate mortgage rate that is hovering around 3%, currently at 3.1%, near historic lows, allowing buyers a tad more purchasing power. Learn even more by watching the full four minute video. You'll be glad you did.