Greater Seattle – Housing Market Survey – March ’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!
of the real estate pros we polled said prices will increase
over the next 3 months.
(up from 73% last month)
Supply of homes on the market over the next 3 months will…
9 in 10 of those surveyed predict buyer demand will increase over the next 3 months.
First-time buyers & folks moving to town are expected to drive this demand (a continued theme).
Biggest threats to market stability?
#1 - Lack of Inventory #2 - Geopolitics #3 - Economic Uncertainty #4 - Inadequate Infrastructure
Challenges facing first-time buyers…
Skepticism of lending & real estate industries
Zoning & regulation
Over 70% 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:
- **Traditional uptick in Spring-time activity **is underway, and expected to ramp up into Summer
- Tight inventory continues to challenge buyers
- More financing of ADUs and Renovation Loans versus previous months
- Mixed responses regarding the possible re-emergence of “bidding wars”
The raw results
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