Market uptick means lost buying power and lost opportunity for buyers

We are in a market in which the buyer who wants to wait…to save up a little more money…..cannot save enough, fast enough. Two scenarios that I’m covering at our weekly office meeting at John L. Scott in Poulsbo.

Just this month a buyers buying power has gone down by $31,000 just because of the jump in interest rates.

Kitsap County real estate is picking up. Poulsbo, Bainbridge Island and Silverdale are all markets that are seeing a reduction in inventory and multiple offer situations on newly listed homes. Buyers today need to be ready to make an offer when they find a home they like.

Real estate Kitsap

Housing Market in Kitsap

Reduced buying power

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