Actual Factual Seattle Home Statistics

I like to watch statistics and trends so today I updated the different areas in Seattle. You can see the difference since last year. The “Pendings” section includes both Pending inspection and Pending sales combined. The "Sold" homes are closed sales for the last 6 months.

Notice the changes in the inventory and prices from last year. Less homes (supply) and more buyers (demand) are pushing the prices up again.

On a side note the interest rate on a 30 yr fixed rate is currently 3.625%. Let’s use the example of a buyer who qualifies for a $300,000 mortgage at 3.625%. They will make the same payment at 4.625% but will get them a $266,000 mortgage. Just a few years ago a 5.625% loan was considered a great rate. However that 5.625% rate would mean a loan of only $237,000 for the same payment as a $300,000 loan today. That is a huge difference in the kind of home and location. Why wait call today to find out more details and to see how much home you can afford.

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