#374 - Seattle Housing Market Update - February 2021

Take an in-depth look a the red hot Seattle Real Estate Market based on the Northwest Multiple Listing Association End of month statistics.

Homebuyers who have been precluded from entering Puget Sound’s competitive market may want to consider condominiums as an option, according to industry experts who commented on the latest housing statistics from Northwest Multiple Listing Service.

“With the trend toward telecommuting and moving to outlying suburban areas, the Seattle/King County condominium market presents a new option,” suggested Gary O’Leyar, owner and designated broker at Berkshire Hathaway HomeServices Signature Properties. Noting the county’s bigger supply of condos – 1.67 months of inventory versus 0.69 months for single-family homes – and a slight break from double-digit appreciation, O’Leyar said buyers may want to take a closer look at this “window of opportunity.”

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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