Housing Market Survey - Greater Seattle - Feb '19
What’s ahead for local housing markets?
Every month we poll our network of CoBuy-certified™ real estate pros to get their read on home prices, supply & demand dynamics, and themes likely to drive local markets over the coming months. Check out the key takeaways below!
say prices will increase
over the next 3 months.
(up from 30% last month)
Supply of homes on the market over the next 3 months will…
All those surveyed predict increased buyer demand over the next 3 months.
First-time buyers & folks moving to town are expected to drive this demand.
Biggest threats to market stability?
#1 - Lack of Inventory
#2 - Economic Uncertainty
#3 - Housing Policy & Regulation
#4 - Geopolitics
Challenges facing first-time buyers…
Skepticism of lending & real estate industries
Zoning & regulation
Nearly 75% of respondents say eliminating single-family zoning would benefit the local housing market.
The word on the street.
In recent discussions with real estate agents, loan officers, and builders, recurring themes have included:
- Increased competition amongst buyers versus previous months
- Greater demand for investment properties
- Sellers giving more weight to the terms and structure of offers received
The raw results
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