What You Need To Know In the South Sound Market

May housing trends, inventory, and key market insights in South Sound.Once more, I’d like to share with you some market updates, this time for the month of May, focusing specifically on South Sound Area. Things have been looking up in our area as market activity continues to be elevated. While it’s still a seller’s market, home sellers are advised to price their homes accordingly. As for buyers, swift action is recommended, as we are currently experiencing a very fast market.

You can watch the whole market update in the video provided or use the timestamp below to skip to the topic that matters to you the most:

0:00 — Overview of South Sound’s May market situation 0:26 — Median sales price trends and home values0:58 — Market trends and dynamics1:28 — Appropriate pricing and median days on market2:27 — Course of action for buyers 3:43 — Pending sales and market activity4:03 — Homes for sale vs. homes sold4:37 — Impact of monthly housing inventory and home prices5:39 — Home seller workshop6:23 — Interest rates7:47 — Median monthly principal and interest payment8:22 — Down Payment Assistance programs9:22 —  Number of first-time home buyers10:07 — Median asking rent10:36 — Contact usIf you have any questions or would like to know more about the real estate market, feel free to reach out by phone or email. I also want to take this opportunity to invite you to attend our free home seller workshop for more insights and resources. Again, let me know if there’s anything else I can help you with. I’d be happy to help!