Market Update - November 2021

In the latest episode of Market Update for October 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 9% year-over-year, to $750,000. Demand from Seattle area home buyers remains strong, continuing to outpace the supply of new homes coming on the market. As we bake our pumpkin pies and prepare to carve our turkeys, we continue to find ourselves in a competitive seller's market, holding steady with two weeks of homes available for purchase. The 30-year fixed-rate mortgage rate has dipped below 3% again, continuing to hover around historic lows at 2.98%, allowing buyers a bit more purchasing power. Learn even more by watching the full five minute video. You'll be glad you did.