Blog: Blog

BLOG: 2021 Puget sound market review and analysis

By Allen Johnson Real Estate | 3.23.2021

It's now spring 2021, and it's looking like we have made it through the worst of the Covid-19 crisis! The housing market in Puget Sound has been absolutely on fire over the last year, with a non-stop parade of bidding wars and record prices throughout the area. What factors led to this scenario in the middle of a global pandemic?

From our own experience, two factors seemed to create the market we have today. 

1.Extremely low interest rates. As the pandemic began to shut down major portions of the economy, interest rates dropped in our area. These new, lower rates enticed would-be buyers to enter the market and take advantage of good deals. 

2. Change in work routines. Many of our clients over the last year transitioned into a work-from-home role, which meant they no longer needed to live close to their places of work. Some companies have discussed continuing this routine for the foreseeable future, which has freed some workers to live further from the office. As such, homes all across the area became viable options for remote workers, leading to less barriers for buyers.

3. Low low low inventory. The number of homes for sale in 2020 was already quite low in many areas of King, Snohomish, and the influx of buyers pushed the market to its limits. This created an exceptionally competitive market, with a large number of our listings escalating far past the list price.


The market is always uncertain in real estate, so we will be watching for the changes that 2021 brings us! As always, give us a call for any real estate help you may need!


- Ben and Allen


MLS Eastman

"We received 5 star service from Allen, Natalie and their team. They worked closely with us to prepare, price, stage and show our house of 19 years in Mill Creek in a shrinking (buyers) market..."

-Virginia, Bob & Daisy, Mill Creek, September 2022

MLS Bigham

"Allen and Natalie did a great job helping us sell our house. Allen answered our returned our calls quickly and had all the answers for us..."

-Judy, Bothell, August 2022

Click to see more testimonials

"100% endorse and highly recommend these folks. They made sure that they were available and truly had my best interests at heart during the process..."

-Michael, Marysville, June 2022

MLS Bernie

"As they say, they work very hard to make sure you have the best chance to sell your home and are very knowledgeable."

-Bernard, Bothell, September 2022

MLS Teri

"The Hardworking Nice Guys were a great help in guiding me through downsizing and preparing my home of 27 years for getting on the market... I heartily recommend these Hardworking Nice Guys for all your realty needs..."

-Teri, Mountlake Terrace, April 2022

Click to see more testimonials

"We couldn't be happier with our choice of the hard working nice guys. We mostly worked with Natalie (the hard working nice gal) who was flexible, patient and informative while we stumbled our way through purchasing our first home..."

-Ryan, Seattle, April  2022

MLS Hastings

"I can’t thank Allen and Natalie enough for all their efforts in making our home-selling experience easy and enjoyable!...."

-Grace, Bothell, May  2022