December Real Estate Market Recap

According to industry experts, inflation is lowering, and it is anticipated that lower interest rates will be seen in 2023. With lower rates, house prices stabilize and buyers will not have as much opportunity to buy with the incentives we are seeing today. With so much negative and misconstrued news, you need a REALTORⓇ that is active in the market to be your true resource. With each person's circumstance unique, I am happy to have an in-depth conversation with you on buying or selling. Please contact me. 

WASHINGTON MARKET RECAP DECEMBER 2022
$707,502  Average Price Single Family Homes
           98%   Percent of Asking Price Received
                41  Average Days on Market 

PIERCE COUNTY MARKET RECAP DECEMBER 2022
$552,671  Average Price Single Family Homes
        98.6%  Percent of Asking Price Received
                43  Average Days on Market 

KING COUNTY MARKET RECAP DECEMBER 2022
$1,019,651  Average Price Single Family Homes
           97.6%   Percent of Asking Price Received
                   34   Average Days on Market 

KITSAP COUNTY MARKET RECAP DECEMBER 2022 
$543,733  Average Price Single Family Homes
      98.5%    Percent of Asking Price Received
             39     Average Days on Market 

THURSTON COUNTY MARKET RECAP DECEMBER 2022
$529,187  Average Price Single Family Homes
       98.7%   Percent of Asking Price Received
              42    Average Days on Market 

* Statistics provided by the Northwest Multiple Listing Service.

December Market Snapshot Video
NWMLS.com 
Mortgage Rates Decline
FreddieMac.com
What Does 2023 Hold for the Seattle Area Housing Market?
KUOW news
Seattle Ends 2022 With Surprising Real Estate Price Growth
SeattleMet.com