This is the Sno-King team’s first post on our new blog! We’re so excited to expand our audience and provide our clients with helpful Seattle real estate market and homeowner information in Snohomish and King counties in Washington state. This post focuses on the Snohomish County Housing Market.
Summer is long gone; the leaves are falling and the picturesque fall colors are transforming the northwest. The Snohomish County housing market, like the temperature is getting slightly cooler. This blog post will summarize some August 2019 real estate market data for Snohomish County Washington. We hope you find this information useful. If we can answer any questions for you or help you with the purchase of a new home or sale of your existing home, don’t hesitate to contact us! (425) 446-1494
Median Sales Price
The median home sales price in Snohomish county, August 2019 is $459,000. This is up 4.32% from the previous year ($440,000). Check out the graph below for historical house price information in Snohomish county.
To further reinforce buyer confidence, current interest rates in Washington at the time of this post are 3.73% for a 30-year fixed, 3.21% for a 15-year fixed, and 4.13% for a 5/1 adjustable-rate mortgage (ARM). If you’re planning on buying a home in the near future, make sure you’re pre-qualified before you start shopping. We are happy to help with your home search and assist in finding the lender and loan type that’s right for you.
With H2 (second half of 2019) slowing a bit, it is a good time for home buyers as there is more inventory currently than there was at the same time last year. At the time of this writing there are 2409 homes for sale comparitive to 1945 for sale in August 2018.
There was roughly a 3% decline on pending transactions in August 2018 through August 2019 YOY. Pending sales were 14,987 and 14,540 respectively
Closed sales in Snohomish county from August 2018 YOY to August 2019 fell roughly 9.4% from 15652 to 14179 respectively.
Days on Market
Homes this month are sitting on the market for an average of 14 days. This gives plenty of opportunity for deal negotiation, getting a proper home inspection and it’s less likely to have a lot of competing offers. The average days on the market (DOM) for August 2018 was 8 days.
Median Sales Price: August 2019: $459,000. August 2018: $440,000
Interest Rates: 3.73% for a 30-year fixed, 3.21% for a 15-year fixed, and 4.13% for a 5/1 ARM
Inventory: August 2019: 2409 August 2018: 1945
Pending Sales: August 2019: 14,987 August 2018: 14,540
Closed Sales: August 2019: 15,652 August 2018: 14,179
Days on Market: August 2019: 14 August 2018: 18
We hope you found this Snohomish County real estate market data helpful. We’d love to get to know you; If you’d like to grab a cup of coffee or have a discussion about your real estate needs don’t hesitate to contact us. The Sno-King team at Kelly Right Real estate are your trusted advisors and community friends! Stay safe and keep an eye out for future blog posts.
Reach us at 425-446-1494 or email at email@example.com