Industry News

Record-low Interest Rates Fueled Seattle Home Market

“Record-low interest rates are fueling the Puget Sound region, among the nation's markets that are seeing the strongest recovery from the pandemic.
Strong demand and low inventory drove prices up in June, according to data the Northwest Multiple Listing Service released Monday. In the four-county metro, Pierce logged the largest increase, nearly 9%, followed up Kitsap (6.6%), Snohomish (5.2%) and King (4.3%)…
The extraordinarily low supply of homes for sale indicates prices could further climb in outlying areas still relatively close to Seattle, said James Young, director of the Washington Center for Real Estate Research.”

Puget Sound Business Journal