Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
If you’re in the position to sell right now, it’s a great time to sell and a great time to buy due to historically low interest rates. At John L. Scott, we’ve adjusted our approach with buyers and sellers to take full advantage of the technology to bring forward serious buyers while following social distancing guidelines with in-person tours. Our broker associates can also discuss viewing strategies to shorten the window of in-person tours, yet still secure the interest of qualified buyers for your home.
Please reach out if you’d like to learn more about our current strategies for sellers.
Source: Mortgage News Daily
In Washington County, we are seeing buyer demand coming forward. Given the historically low interest rates, buyer demand remains strong in the more affordable to mid-price ranges.
Due to the COVID-19 situation, there were fewer new listings in April versus April 2019, which proportionally impacts total active listings and homes going under contract as well. However, the sales activity intensity of homes selling within the first 30 days is aligned with last year for homes priced up to $750,000. In this range which comprises 95 percent of sales activity, sales activity intensity varies from strong to frenzy; you still need to be Buyer Ready to get a home in today’s market!
Intensity Remains Strong for New Listings
WE SUPPORT SOCIAL DISTANCING FOR SELLERS
SCALE: MONTHS SUPPLY
Key Market Indicators – April Recap
Washington County Housing Update - Resale Only