Heading into the new year, lack of inventory is the top business concern among Seattle Realtors, according to a mid-July survey by Seattle King County Realtors (SKCR).
The survey asked SKCR members to identify the business challenges they anticipate in 2022. Nearly 72% named lack of inventory their primary concern, followed by multiple offers, cash offers and competition at 44%.
The impact of COVID-19 ranked third at 25%, followed closely by economic and market conditions.
Through its volunteers, SKCR plans to continue helping Realtors meet business challenges, according to a press release.
“To tackle lack of housing inventory, we have joined the Coalition for More Housing Choices, a partnership of major employers and industries seeking common-sense solutions,” the release said. “We continue to work with the Master Builders Association reform land-use policy and align zoned capacity with demand. To help members deal with the impacts of COVID-19, we worked with Gov. Jay Inslee to assure that Realtors were kept essential.”