They identified policy areas that will be affected, and defined the top priorities that … study prepared by the Washington State Economic and Revenue Forecast Council, 30+ Questions To Ask A Real Estate Agent Today, Percentage of Homes That Go Pending In First 30 Days. Which means your buying power has never been higher. There just are not many homes to buy. Snohomish County's median price was up 13.96 percent year-over-year from last May to this May. Experts forecast a year of continued strength in the housing market. 2021 Real Estate Market Forecast - Snohomish County - Will it Crash or Boom Again? 1,024 new listings went on the market this month. With still amazingly low interest rates, and a low level inventory the last couple of years the Snohomish County real estate market should remain in the surge to frenzy status for the foreseeable future. We can throw those out the window this year. As you can see from the charts above unemployment is only slightly higher that it was prior to the event. Jun 8, 2020 - Snohomish County Housing Market Forecast. Use our NWMLS powered home search tool to receive the newest listings. The Snohomish County Housing Market Forecast For January 2021 Every month we gather all the facts, data and statistics about the Snohomish County Housing Market and share them with you. Copyright ©2021 John L Scott Ballard | Madrona Group | Sitemap | Privacy Policy | Best Lynnwood Real Estate Agents | Agent Resources | DMCA, 30+ Questions To Ask Real Estate Agent Pros, Home Prices, Market Trends, Graphs Video and Infographics, The Snohomish County Housing Market Analysis INFOGRAPHIC, The Snohomish County Housing Market Forecast For February 2021, Enjoy My Snohomish County Market Report Video, Snohomish County Real Estate GRAPHS AND Data, “Over the past year, Washington’s ranking in economic growth and competitiveness rose from fifth highest to fourth highest in the nation, according to a September. The percentage of homes that sold in the first 30 days is 85%. The housing market grew ever-more strong for sellers in September as the amount of single-family homes on the market in Humboldt County continued to fall and prices continued to rise. If you’re wondering what’s going to happen in the Snohomish County real estate market in 2020, today I have the forecast. Any information helps us know what we’re working with and make good decisions. We will discuss the 3 major factors in determining the strength of the market. The average sale price for Snohomish County homes is $575,737. We desperately need more listings in Snohomish County. Snohomish Housing Market Information. Economic Forecast Overview Snohomish County is a Desirable Location. The jury is still out on the job market and population growth. Prices rose 8.5 percent to $510,000 in Snohomish County and 5.6 percent to $675,000 in King. Any information helps us know what we’re working with and make good decisions. Before coronavirus hit, the market was really in good shape. The average time on the market is 23 days down -37.8% compared to last year. We saw the average sales price remain at all time highs while inventory remains in a severe shortage and homes continue to sell in the first 30 days 85% of the time. With the interest rates at the Phenomenal rate of 2.80% a .03% increase from last month (source: Mortgage News Daily), there are plenty of buyers that are in the market. If you’re wondering what’s going to happen in the Snohomish County real estate market in 2020, today I have the forecast. The number of homes for sale dropped to 582 which is the lowest total in over 15 years and 821 less listings than last year at this time. Higher demand drives the price up. If you are considering a move up, a move down, or just want to sell your home… Months of inventory is still at well below average. If you are selling the average sales price is at all time highs, and 85% of homes are selling in the first 30 days. Bothell Median sales price is $750,000 up 10.3% from December of last year. However, homes in the 350K-750K price range sold the fastest. See the Snohomish (Washington State, Snohomish County) property price forecasts, and buy/sell analysis based on the Housing Market and Property Investment report below. The majority of national economists have suggested that it will be the real estate market that pulls up the economy, and so far it is playing out. As I have been reporting for the last 8 months that buyer indicators have never really declined, and we are continuing to see the seller indicators hit all time highs. Average Sales Price increased by $22K … It was the … In addition the average home is selling for 2.1% higher than it is listed as. The Snohomish County Housing Market saw 1,024 new listings, 582 homes were for sale, while 854 homes sold in Januaryu in Snohomish County. 6 Ways To Market Your Snohomish County Property Without Holding An Open House; Snohomish County Real Estate Market Forecast – January 2021; Snohomish County Real Estate Market Report – December 2020… With questions about our market or real estate in general, please call or email me. 102.1% was the average listing price vs. sales price percentage. Here are a few of the things that really stuck out to me while compiling all the stats for the Snohomish housing market report this month. $301 was the average price per square foot in Snohomish County. I would love to help you. “Over the past year, Washington’s ranking in economic growth and competitiveness rose from fifth highest to fourth highest in the nation, according to a September study prepared by the Washington State Economic and Revenue Forecast Council. According to both Zillow and John L Scott’s massive data set we should be just getting geared up for real estate for the new year. As we have stayed fairly steady right through winter. On Sept. 15, there were 284 homes on the market in the county… Snohomish Property Market Information Recommendations by the previous and the upcoming 36 months: buy or sell a home in Snohomish? Along with following all state mandated safety guidelines and taking extra precautions we are focusing on delivering Virtual Real Estate Services. Use this tool to get an instant estimation of the value of your home. The average days on market … New listings finally picked up this month. Showing that despite the crisis, with interest rates low, buyers are out there. Both of the these factors have driven people to the more affordable and more space that is available in Snohomish County. Houses in the 350K-750K price range are selling 88.4% of the time in the first 30 days. In addition, many people have converted to working from home and no longer need to be commuting distance from Seattle or Bellevue. Want to Buy a Home? There's a lot of first time … 2020 Real Estate Market Annual Review and 2021 Predictions. 21 was the average days on market for a home to sell in Snohomish County. Economic Alliance Snohomish County hosted its 2020 Economic Forecast presented by Banner Bank.The forecast … Read About How We Are Navigating Business During The Crisis. Search All HomesWant to Sell a Home? The data tells a story about the current state of our local residential real estate market. Let’s look at the 2020 real estate market … King County… Because there are less homes for sale and there are still many buyers trying to buy… the homes that do list are usually selling very fast. Review and 2021 Predictions % since last year was predicted by Lawerence Yun, the Seattle housing had. From December of last year 589,950 in January 2020, according to event... 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