AGP Executive Report
Last update: 7 hours agoMortgage Squeeze: The average 30-year rate climbed to 7.4%, its highest since November 2023. Only 6% of surveyed buyers said they’d accept rates of 7.5% to 7.99%, while pending sales were down 8.5% year over year in September. More Room to Negotiate: Seattle listings reached their highest level since 2011, with supply at 3.8 months and sales down 16% from a year ago. The median price still stood at $925,000, underscoring how more choice hasn’t made homes affordable. Local Buyer Markets: Longview is shifting toward buyers, with about 610 homes for sale and a 68-day median selling time. But higher mortgage costs, insurance and taxes remain major barriers for would-be buyers. Slower Moves: In another market snapshot, homes took a median 39 days to sell, up from 23 days a year earlier, as listings and unsold inventory grew.
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