Market Update - October 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 6% year-over-year, to $745,000. Demand from Seattle area home buyers remains strong, continuing to outpace the supply of new homes coming on the market. As we sip our PSL lattes while we carve our pumpkins, we continue to find ourselves in a competitive seller's market, holding steady with only 0.6 months of homes available for purchase. The 30-year fixed-rate mortgage rate has ticked up a smidge but continues to hover around historic lows, at 3.05%, allowing buyers more purchasing power. Learn more by watching the full four-minute video.