Hey everyone, Jason Fox here, and I'm excited to share with you the latest Seattle Housing Market Update for March 2023. Homes are selling fast, and the market is heating up with strong sales activity intensity, tolerable interest rates, and a shortage of inventory. It's a great time to be a seller, but buyers will need to be buyer ready, day one to compete in this fast-paced market.

We are seeing a surge in sales activity intensity, with homes going under contract for new resale listings. Unsold inventory is virtually sold-out in the more affordable, mid-price, and upper-end price points. This surge in activity is bringing back the multiple offer scenario for some properties, making it an exciting time for both buyers and sellers.

Despite the monthly decrease in new listings, we are seeing a seasonal increase in the number of new monthly listings, which is good news for buyers. However, the market is still highly competitive, and buyers will need to have a solid strategy in place to secure their dream home.

If you're a seller, there's no better time to be market-ready, day one. The listings that make it to the market are selling fast, and homeowners with a high percentage of built-up equity and life events are moving the market. To stand out from the competition, resources like MarketReady+ and Seller Listing Launch can give you the advantage you need when attracting buyers to your property.

The luxury home market is also experiencing elevated buyer traffic, as the start of the luxury season begins in earnest. So, whether you're a buyer or a seller, now is the time to make your move in the Seattle Housing Market. With daylight savings time beginning in March, the market will continue its surge into the spring market.

Thanks for watching, and we'll see you next time with more Seattle Housing Market Updates.

"HOMES ARE SELLING, FAST!
The Seattle market is back to Surge / Frenzy Sales Activity Intensity™ of homes going under contract for new resale listings. Unsold inventory is virtually sold-out in the more affordable, mid-price and into the upper end price points. Although on a monthly basis, fewer homes are coming on the market than previous years; as we head into spring, there is a seasonal increase in the number of new monthly listings. Today’s buyers will need to be Buyer Ready, Day One™, to ensure they get the home of their choice.

The Luxury Home Market is experiencing elevated buyer traffic, as the start of the Luxury Season begins in earnest." ~ J Lennox Scott

››››› Contact Jason Fox
››››› (425) 299-8454
››››› jason at themadronagroup.com
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