January is shaping up to be the most competitive month in housing history

LIKE & SUBSCRIBE for new videos everyday. https://bit.ly/3fs6dBU

The median home sale price surged 16% year over year during the week ending January 9 to an all-time high of $365,000. Prices keep climbing because the supply drought keeps deepening while demand increases. The number of homes for sale fell to a new low as listings hit the market at a slower rate than they did early last year. Yet homebuyer activity–as measured by the Redfin Homebuyer Demand Index–jumped 9%. Mortgage rates rose to 3.45% during the seven days ending January 13, making homebuying more expensive as overall inflation hit a 40-year high.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🔔 Join this channel to get access to perks - https://bit.ly/3fs6dBU

🎙️ Listen to the 𝑺𝒆𝒂𝒕𝒕𝒍𝒆 𝑹𝒆𝒂𝒍 𝑬𝒔𝒕𝒂𝒕𝒆 𝑷𝒐𝒅𝒄𝒂𝒔𝒕:

►💎iTUNES - https://apple.co/2MkFziJ
►💎SPOTIFY - https://spoti.fi/2Dh8EoL

✔SUBSCRIBE 🔔HIT BELL! 👍LIKE 💬COMMENT

#SeattleRealEstatePodcast #SeattleNews #Economy