J. Lennox Scott comments on summer market in the Puget Sound Business Journal

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J. Lennox Scott contributed an editorial to the Puget Sound Business Journal about the current market in the area. In it, he outlines how real estate professionals have adjusted during COVID-19 and shares what’s likely to come in the summer market.

J. Lennox Scott | Puget Sound Business Journal

As the weather warms up around our region, our collective efforts to tackle Covid-19 appear to be paying off, and we’re all starting to talk about the social and economic recovery.

Usually this is the start of the busy summer homebuying season. But this year will look different as social distancing becomes a regular part of our business and personal lives. One thing will endure, however: The Seattle area remains one of the strongest homebuying markets in the country.

The housing market in Puget Sound is “hot” — it just looks a bit different than it traditionally does. Though the number of new resale listings and remaining unsold listings locally have plummeted compared to last year, homes going under contract are already beginning a road to recovery.

You can read the whole article here: Opinion: Here is what summer homebuyers can expect