You may have heard the real estate market is hot right now, but what does that mean? Our market report breaks down the most critical numbers from King, Snohomish, and Island Counties to explain the opportunity for buyers and sellers. The following discussion revolves around sales for single-family residential homes, but the trends for condos and duplexes are very similar.

Real estate market numbers summary for King County June 2021.

King County's average sales price is over $1M for the third straight month. Compared to 2020 at the same time, the average sales price is up 23.7%, but compared to last month, the increase is less than 1% suggesting that the average sales price increase is slowing down. That is good news for current buyers in the market for a new home. Buyers of a year ago are also reaping the…

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