The National Housing Market

Here are some key data points derived from the final recorded July home sales numbers:

• For every home that was sold, there was an average of 4.5 offers.
• 50% of homes that closed sold for over the list price.
• 23% of home sales were all-cash purchases.
• 89% of homes sold in the same month they were listed.
• The average number of days on market was 17 days.

Listen to the 12-minute video below to gain some additional insight on national trends concerning new construction, supply and demand, total home sales year-over-year, price appreciation, and affordability.

In my next newsletter, I will report on final closed sale data from August 2021 for both King and Snohomish Counties. This will help you gain a better understanding of where the market is at on a hyper-local level year-to-date. 2021 has been a head-turner in the real estate market and staying well informed has been the edge to create success. It is always my goal to help keep my clients well-informed, so they are empowered to make strong decisions. Please reach out if you are curious about how today’s market relates to you.