Market Update - July 2022

Welcome to your July 2022 Seattle Real Estate Market Update! Are you staying hydrated and cool? We certainly are! Let's get down to business - what's the latest in the Seattle area real estate market? Thanks for asking! Home prices are up everywhere, yet again - 9% in King County, up 10% in Seattle, and up 13% on the Eastside. Mortgage rates have been a bit bumpy in recent weeks, hovering in that 5.25% to 5.5% range. While we have noticed a dip in buyer showings and offers written, we are still in a seller's market, with just 1.3 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.

Have a Seattle real estate question? Schedule a call with us today.