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Key Market Indicators – December Recap 2020
Skagit County Housing Update - Resale Only
The unique housing market continues into 2021, with frenzy-level sales activity intensity for new listings going under contract, fueled by low interest rates and a huge backlog of buyers. Now that the holiday season is complete, the local housing market will see a power surge of home buyers entering the market in 2021. More homeowners are in motion as those who can work from home are moving to lifestyle/destination markets.
The Unique Housing Market Continues Into 2021
JOHN L. SCOTT’S 2021 HOUSING FORECAST
The year 2020 brought many changes in how we live and has made many reflect on what their home means to them. We anticipate the cyclone of sales activity intensity will continue in 2021 in the local housing market, and have outlined what’s in store in our 2021 housing forecast. Reach out to your trusted John L. Scott broker associate if you’d like to view the 2021 housing forecast and discuss what the market changes are likely to mean to you in the coming year.
2.77%
Unbelievable Interest Rates
Source: Mortgage News Daily
Average % of New Listings (Pending) in the First 30 Days
45%
Current
Normal
74%
Current
30%
Normal
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