J. Lennox Scott, Chairman and CEO of John L. Scott Real Estate, announced that after having the company’s all time best month ever in March, April has surpassed this record, making it the most productive month in the company’s 73 year history.

“April’s success can be attributed to the back side of the power surge of sales activity that we experienced in March which was fueled by a drop in interest rates,” said Scott. He added that, “Rising interest rates are now causing anxious buyers to flood the market.”

Scott says that the Puget Sound is still in the midst of a quick action market thanks to a low inventory of homes for sale and anxious buyers who are eager to secure low interest rates before they rise. Scott adds that in the midst of rising interest rates, buyers need to keep the market in perspective because there are still phenomenal opportunities to be had, “We’ve been lucky enough to benefit from some of the lowest interest rates in history in recent months,” said Scott, “But buyers need to remember that a six percent interest rate is still fantastic.”

According to the National Association of Realtors, interest rates are expected to rise gradually through the remainder of the year, eventually reaching 6.75 percent by year end.