Kent Real Estate Market - View Kent Real Estate Market Trends in Washington

Spring 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Kent. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 206-696-2329
Average Home Price	$225,000 - View Graph Trend

Average Price Compared to Last Year	Down 5-10%

Average Time on Market	More than 120 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$550,000 - $599,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Increasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Kent is	Increasing

Seller Activity for the past 90 days in Kent is?	Increasing

Multiple Offers?	No

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	45-50%

Is Financing Available For Qualified Buyers?	Yes

Housing Inventory	Good supply - Some Prices

Greatest Activity	First Time Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in Kent!

Nearest Metro Area	Seattle

Housing Hot Spots	Most cities within the King County area are considered ’Housing Hotspots’ including Auburn, Covington, Talbot Hill, and Fairwood.

Average Sold Price	$225,000 - View Graph Trend

Kent Local News

News for Kent, WA - June 28th, 2011 7:38pm
Market conditions are just right.

News for Kent, WA - June 28th, 2011 7:38pm
Great time to Purchase A HOME. Interest Rates are at Historical Lows and lots of Quality Homes in Inventory. NOTHING MORE TO SAY, just do it!

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Gary McNinch

206-696-2329

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Mortgage Rates

– May 28th, 2012 –
---------------------------------

30 yr. fixed rate: 3.82%
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%

Home Values

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Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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Kent Real Estate Market Trends – Washington

Kent Real Estate Market Conditions and Trends