Snohomish County Housing Market Report January 2021

[Jason Fox]

Every month we gather all the facts, data and statistics about the Snohomish County Housing Market and share them with you. We will discuss the 3 major factors in determining the strength of the market.

• Inventory
• Percentage of Homes That Go Pending In First 30 Days
• Interest Rates

The data tells a story about the current state of our local residential real estate market.

What this story tells me is…

We desperately need more listings in Snohomish County.

We saw the average sales price increase while inventory remains in a severe shortage and homes continue to sell in the first 30 days 83% of the time.

The number of homes for sale dropped to 601 which is the lowest total in over 15 years and 820 less listings than last year at this time. There just are not many homes to buy.

https://www.themadronagroup.co...