Kittitas County Housing Update - Resale Only
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE
INTEREST
RATES
3.18%
MONTHS
SUPPLY SCALE
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Source: NWMLS - Resale only
© 2025 John L. Scott Real Estate
March 3, 2025 Source: Mortgage News Daily
6.74%
CURRENT INTEREST RATE
The lock-in effect, with many homeowners holding home mortgage interest rates around 3%, is keeping the inventory low as listings aren’t coming on the market in the normal sequence. This effect is causing a buoyant price support in the mid-price ranges. As always, don’t hesitate to reach out if you, your family, or your friends are thinking of moving or have any questions!
MARKET PRICING
The kickoff to spring is defrosting the housing market. In the later part of February, we saw an increase in new resale listings over the previous year and a steady decline of interest rates into the upper 6s. Meanwhile, the overall Sales Activity Intensity™ remains at a strong level.
SPRING INTO ACTION
Key Market Indicators MARCH 2025 (FEBRUARY RECAP)