Extremely low interest rates (under 3%) and a lack of housing inventory set the stage for an extremely competitive home buying market in Seattle and the Eastside in 2021. Multiple offers and escalating prices were again the norm in January and February, as they were throughout the second half of 2020.
Here are the most recent real estate stats for local areas.
Seattle and Eastside Year-to-Year Housing Data - January 2021
Inventory dropped especially significantly for houses on the Eastside, by over 57%, with a corresponding uptick in median sale price of nearly 29%.
Seattle condo inventory, on the other hand, was up by nearly 96% year-to-year in January.
King County Year-to-Year Housing Data - January 2021:
Snohomish County Year-to-Year Housing Data - January 2021:
All data provided courtesy of the Northwest Multiple Listing Service®. Report © 2021 Showing Time.
For the latest press release on housing stats from the NWMLS, click here to go to their Current Issues page. February's stats will be published here when they're available in early March.