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NWMLS Market Snapshot – January 2021 Data

Looking at the data for January, we continue to see inventory still at an all time low and prices of homes increasing. The data and images you see on this blog are for all the NWMLS.

Snohomish County had an Average Sales Price of $576,423, a huge 15.8% increase, for all property types over January 2020. King County’s Average Sales Price was $803,009, an even larger increase of 17.0%, for all property types over December 2019.

Snohomish County Median Days on Market decreased from 23 in January 2020 to 6 days, down almost 74%! King County Median Days on Market decreased from 27 days to 10 days, down 63%!

Snohomish County inventory is at 0.5 months of supply, down 54.5% from 1.2 months of supply in January 2020. King County is at 0.9 months of supply, down 25% from 1.2 months in January 2020.

Still, the market temperature is still a HOT seller’s market. In nearly all homes for sale, sellers are receiving multiple offers. If you’re interested in selling your home, this is a great time to get it sold for the best price. If you’re interested in buying and taking advantage of the low interest rates, I have successfully won on multiple offer situations with my buyer clients! Let’s talk about strategy!

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