King County residential sales surged in July, with more homes selling at higher median prices than a year ago. Mortgage rates have dropped while inventory has risen, and late-summer buyers seem to be giving the market another look.
Will declining mortgage rates push up local home sales?
Recent drops in the average 30-year mortgage rate entice homebuyers at the exact moment they finally have more listings to choose from. This combination may well lead to more home sales in our region.
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