Latest Market Stats
Access Here

Latest Market Stats

Access Here
Platform
Menu
Schedule a Call

Who We Are

Looking to Buy?

Looking to Sell?

Contact

4735 NE 4th Street, Renton, WA 98059
[email protected]
Do you want content like this delivered to your inbox?
Share



Share
Back to Articles

January 2022 King County Market Update

John Casserd

As a John L. Scott broker, my mission is transactional excellence and client satisfaction...

As a John L. Scott broker, my mission is transactional excellence and client satisfaction...

Feb 5 2 minutes read

As 2022 kicked off, our housing market continues to be at high intensity for buyers and sellers. The market remains virtually sold out, and there is a significant backlog of buyers looking for a home to purchase.

Given these market conditions, nearly all homes are going under contract within a week of being listed on the market. Additionally, home prices are at the “Premium Pricing” level, as multiple offers are commonplace in price ranges where there is a shortage of homes for sale

King County Market Update

$1,063,532

Average Sales Price

13

Average Days on Market

$479

Average Price per Square Foot

See All Market Updates for Puget Sound

The market is completely ignoring the traditional winter slowdown, with very strong buyer demand. Historically low interest rates remain a strong motivator for buyers. The ongoing combination of very low-interest rates and escalating prices have both buyers and sellers taking advantage of the market right now.

Click Here

Curious about how your home's value changed in 2021?

We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information heading into 2022.

Get Your Report