Increased number of pendings and solds for four consective months now. Yes, we are experiencing an increase in buyer activity and a constant number of listings remaining, but the acitivity is not equal in all price ranges. Where is the majority of this activity? In June the NWMLS recorded 522 sold properties, of those properties, 430 were below the FHA limit of $417K and 243 were below the price of $300K. So, roughly 82% of all the sold properties in Snohomish county for the month of June were below the price of $417K. This is the first time home buyer taking advantage of today's market. In the month of June I was involved in 3 different sales (two listings, one buyer) in the price range under $417K that were multiple offer situations! There is a large group of first time home buyer's in the market right now, waiting for a quality home to come on the market that is well price!

Current interest rates have climbed to around 5.675%.