Once more, I’d like to share with you some market updates, this time for the month of May, focusing specifically on South Sound Area. Things have been looking up in our area as market activity continues to be elevated. While it’s still a seller's market, home sellers are advised to price their homes accordingly. As for buyers, swift action is recommended, as we are currently experiencing a very fast market. You can watch the whole market update in the video provided or use the timestamp below to skip to the topic that matters to you the most:
0:00 — Overview of South Sound's May market situation
0:26 — Median sales price trends and home values
0:58 — Market trends and dynamics
1:28 — Appropriate pricing and median days on market
2:27 — Course of action for buyers
3:43 — Pending sales and market activity
4:03 — Homes for sale vs. homes sold
4:37 — Impact of monthly housing inventory and home prices
5:39 — Home seller workshop
6:23 — Interest rates
7:47 — Median monthly principal and interest payment
8:22 — Down Payment Assistance programs
9:22 — Number of first-time home buyers
10:07 — Median asking rent
10:36 — Contact us
If you have any questions or would like to know more about the real estate market, feel free to reach out by phone or email. I also want to take this opportunity to invite you to attend our free home seller workshop for more insights and resources. Again, let me know if there’s anything else I can help you with. I’d be happy to help!
