EASTSIDE TALKING POINTS – AUGUST 2019

  • Interest rates are at 3.62% vs. 4.55% from a year ago. A one percent change in interest rate is a 10% change in purchase price. Now is the time for buyers to take advantage of these low interest rates!
  • Median closed sales prices are up slightly from a year ago.
  • Who you hire matters! 3/4 homes are selling. 1/4 homes are not selling. The percentage of Pending Sales that don’t close is 1 in 8 (14% for trailing 12 months).
  • Concerned about an upcoming recession? Don’t be! “Recession” does not equal “Housing Crisis.” Take a look at this …

 

*Eastside August 2019 talking points are based on WRE residential and condominium reports