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Key Market Indicators – May Recap 2021
Skagit County Housing Update - Resale Only
The strong buyer demand present this spring has continued into summer, as the local market maintained a brisk pace this May. Looking ahead toward June, we are in prime position to see a good number of new resale listings and a proportional number of homes going under contract. We’ll see an elevated number of new resale listings coming on the market for just three more months before we enter the fall housing market. This time period will be critical for home buyers looking to secure their home of choice while interest rates are at historically low levels.
Summer Market Maintains Brisk Pace
THREE IMPORTANT STEPS FOR HOME BUYERS
Position yourself to create a buyer advantage when competing with other buyers and walk in confidence when making an offer. Your broker associate can consult with you to be up-to-date with current market intensity and pricing, get pre-approved or fully underwritten through a lender, and receive email/text notification of newly listed properties. In today’s instant-response market, it’s key to ensure you’re ready to act when the timing is right.
3.13%
Unbelievable Interest Rates
Source: Mortgage News Daily
Average % of New Listings (Pending) in the First 30 Days
45%
Current
Normal
80%
Current
30%
Normal
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