Market Update - June 2022

Welcome to your June 2022 Seattle Real Estate Market Update! Are you excited to put away your raincoat and enjoy this sunshine? We 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, again - 13% in King County, up 7% in Seattle, and up 27% on the Eastside, while the number of homes on the market to purchase continues to lag behind the demand from buyers. Mortgage rates have seen a lot of volatility of late, increasing more than 2% since the start of the year to an average of 5.81% as of this writing (an increase from 5.23% when the video was recorded). We are seeing a drop off in Offer Reviews on listings across King County, but we are still in a seller's market, with just 0.83 months of active inventory available for buyers to purchase. Watch the full video to hear Aaron and Diane talk about the impacts of the increased prices, the lack of 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 June 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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