Puget Sound Housing Update: December 2021

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Thanks for watching The Goelzer Home Team's monthly housing market update for the Western Washington Puget Sound Region. Are you or somebody you know looking to buy, sell, or invest in the Seattle / Bellevue / Tacoma / Puyallup / Olympia areas? If so, we'd love to help!

HOUSING UPDATE SUMMARY:

►Prices Continue To Increase, But Not As Fast: While prices have increased significantly year-over-year, the overall market is tending to slow a bit. This doesn’t mean home prices have stopped going up. It just means that the rate of the price increases is slowing down a bit.

►Even Less Inventory: We’re down to about 2 weeks of inventory throughout the Puget Sound Region, with even less in Pierce, King, Thurston, Clark, and Snohomish counties.

►Interest Rates Will Be Increasing in 2022: Low interest rates are still available but based on the recent news from the Federal Reserve, it is looking like interest rates will be increasing multiple times throughout 2022. Buyers be prepared, as this may have an impact on your borrowing limits.

►Good News Sellers… Buyer’s Remain Active: If you are thinking of selling, it’s a great time. Demand for homes remains high for move-in-ready homes. In addition, it’s looking like the upcoming state capital gains increase will not include the sale of real property… good news.

►Buyers Need To Remain Competitive: Have that pre-approval from your lender / mortgage broker complete prior to starting your search. And when making your offer, put together the cleanest offer possible. There are lots of options here, so be sure to ask your real estate broker the best approach for you and the home you are making your offer on.

The full article with further details is available on our blog at: http://www.GHTHomes.com​​

The Goelzer Home Team
Keller Williams Realty Puget Sound
33434 8th Ave S, Ste. 103
Federal Way, WA 98003
(253) 244-3433

Each office independently owned and operated. Information and statistics compiled and reported by the Northwest Multiple Listing Service.

Видео Puget Sound Housing Update: December 2021 канала The Goelzer Home Team at KW Puget Sound