the
Home Connection
Volume 13 | Issue 5
MAY 2022
eye on the market Spring is in full bloom and so is the housing market. MLS brokers reported around 10,000 mutually accepted offers this past month, which is almost a 31 percent jump from February. MLS data also shows that during this past month there was an influx of single-family homes listed, a gain of more than 41 percent from the previous month. This marked the highest volume of new listings added during a month since the fall of 2021. Increases in inventory will give buyers a wider selection and hopefully alleviate the intense competition they continue to experience, as it is still considered a ‘seller’s market.’ This is especially evident in the appreciating asking price of sellers’ homes.
experience this! 16.04 percent, and in Thurston County up by almost 18.82 percent.
In addition to the increase in home prices, mortgage rates are also on the rise. However, brokers reported that this has yet to strongly discourage home sales in most areas across Washington state. They believe that any lag in homebuying is instead due to the demand for homes perpetually outweighing supply. Consistent with efforts seen in previous months, homebuyers are making strong offers, waiving inspections, and making sure financing is in place to secure a home in the current conditions. In the future, these conditions A closer look at MLS data shows the may be affected by inventory closed sale price escalations for specific influxes, job growth in the Puget Sound, counties, compared with the same month and other economic impacts. It will be a year ago. In King County prices are up by interesting to see how these factors 12.73 percent, in Snohomish County up by interact with the real estate market as the 25 percent, in Pierce County up by almost peak season proceeds.
Spokane Bloomsday 5/1
Seattle World Whiskey Day 5/14
Discover Burien Sidewalk Sale 5/6-5/8
Angle Lake Fishing Derby 5/15
Africa Fashion Week 5/7
The Big Fake Wedding 5/18
Mother’s Day Gift Ideas Mother’s Day is the perfect occasion to show your mom or the moms in your life that you appreciate them and all that they do. Here are a few ideas to show mom you care:
• Support your local small businesses
with a gift card for a spa, hair salon or nail salon appointment.
• For the coffee loving
mom, gift her a bag of her favorite blend from her go-to coffee spot.
• Plant flowers around the
yard or in pots on the patio for months of cheery summer color.
• Give mom a bejeweled family tree with a personalized birthstone necklace.
• Create a kitchen herb garden in
mason jars and include a few recipes she can try.
Fisherman’s Seattle Beer Week Village Music Fest 5/13-5/21 5/19-5/21
• Just in time for summer, gift a
charcuterie board set that is the perfect hostess aid.
• Commission a custom handdrawn family portrait from an artist on etsy.com
• Give your mom a call. The tried-andtrue phone call still works and is a great way to catch up and connect.
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Fairchild Air Force Base SkyFest 5/14-5/15
Bothell Making Local Market 5/28