Exciting Market Update: Increased Inventory and Favorable Interest Rates Benefit Homebuyers and Sellers!
The real estate market is shifting, and the changes are working in your favor! With mortgage rates trending down and inventory on the rise, both buyers and sellers have unique opportunities to capitalize on the current conditions. Whether you're looking for your dream home or thinking about selling, now is the time to take action.
Interest Rates Are Becoming More Favorable
After months of higher rates, we’re seeing a welcome decline. Over the past six weeks, mortgage interest rates have steadily decreased, creating a more affordable path to homeownership. As of February 2025, the average 30-year fixed mortgage rate in Washington has dropped to 6.35%, down from 6.77% in January.
Even better, my lender is currently offering rates as low as 5.875% as of today for qualified buyers—giving you an even greater advantage in securing a home with lower monthly payments.
What This Means for You:
✅ Lower monthly payments ✅ Increased buying power ✅ More affordability in a competitive market
Increased Inventory Means More Options for Buyers
For months, buyers have faced limited options and bidding wars. But the landscape is shifting—more homes are hitting the market, reducing competition and offering more choices.
Here’s a look at local inventory growth:
King County: Active listings have surged by 52% year-over-year, with 3,266 homes available as of February 28, 2025.
Pierce County: Inventory has grown by 39.4% compared to last year, totaling 10,448 properties on the market by the end of February 2025.
Why This Matters for Buyers:
🔹 More choices mean less pressure to settle on a home that isn’t the right fit.
🔹 Reduced competition gives you better leverage in negotiations.
🔹 Sellers are motivated, which could mean better pricing and terms for you.
Why Sellers Should Take Advantage of This Market
You might be wondering—if inventory is increasing, is now still a good time to sell? The answer is YES. Buyers who were previously priced out due to high rates are jumping back in now that affordability is improving.
Key Advantages for Sellers:
✔️ Increased demand from buyers eager to lock in lower rates.
✔️ Serious, motivated buyers looking to move quickly.
✔️ Market momentum that allows you to price strategically and maximize your sale.
Is It Time for Your Next Move? Let’s Talk!
The market is shifting in ways that create exciting opportunities—but timing is key. Whether you’re buying or selling, let's develop a strategy tailored to your goals.
📅 Schedule a Call to discuss your real estate plans.
📩 Or Contact Me Today to get started!
Contact Information:
Brandon Scheer
Scheer Gold Team Leader
Broker at RE/MAX Extra
📞 253-579-2358
📍 18215 9th St E Ste 103
Lake Tapps, WA 98391
