Last month saw the largest monthly number of new listings since May 2019. However, supply is extremely anemic at just 1.04 months of supply.
Buyer demand continues to be incredibly strong? with multiple bids becoming a norm.
⚖️The supply/demand imbalance is causing prices to accelerate.
?Median home price in King County has increased by 7.20% while it jumped by 13.4% in Pierce County, by 13.84% in Snohomish County and by 11.84% in Kitsap County.
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?Thinking of buying or selling? This is a great time to do it to take advantage of the historic lowest Mortgage rates to buy that dream home or a few cashflow investment properties.
?️Visit www.inbestments.com to get access to true wealth-building homes whether you are buying your first home or 60th investment property for cash flow/equity growth.
?Questions? Please feel free to message us.
