There has been a lot of speculation about the real estate market since the original 'stay at home' orders were first issued. King County has moved into Phase 2 and the market activity has picked up! The summer market is continuing to prove strong despite the global pandemic.
Three factors are contributing to the activity we are seeing locally in Kirkland.
1. Very low inventory
2. Very high buyer demand - increased demand for larger homes or lot sizes and more work from home spaces and features.
3. Historically low interest rates
These factors show we are still in a seller's market when it comes to pricing and multiple offers. Buyer's should not be discouraged as they can take advantage of the low interest rates and get more house for their $$. Even better...selling AND buying in this market should land you ahead!
Reach out to us today for a complimentary market pricing analysis on your home and to hear about our proven listing and marketing system!