Market Updates Local Market Update – October 2023 With the fall season finally upon us, the behavior of the housing market is like the range in outdoor temperatures: somewhere between warm to cool. There’s a lower overall volume of home sales than in recent years, but at the same times buyers are moving quickly and assertively on highly desired properties, despite higher interest […]
Market Updates Local Market Update – September 2023 As summer draws to a close, the local housing market remains somewhat unsettled. This is due to persistently high interest rates that have caused buyers to pause and sellers to hold onto their pandemic-era mortgage rates, as well as low inventory increasing competition for the available listings. Sold home prices in some areas have begun […]
Market Updates Local Market Update – August 2023 The dog days of summer are upon us, and along with stifling heat comes a sluggish market. High interest rates and a dearth of available inventory are driving prices up and slowing sales across the region. One major contributor to the low supply of homes is the phenomenon of homeowners protecting their sweet pandemic-era mortgage […]
Market Updates Local Market Update – July 2023 This summer’s local housing market is seeing low inventory feed higher prices, putting the squeeze on would-be buyers. June is typically the month where home prices reach their apex, and last month was no exception as King and Snohomish counties’ prices neared the peaks seen during the sugar high of the pandemic market. Approximately 80% […]
Market Updates Local Market Update – June 2023 The more frenetic activity of a typical spring real estate market has certainly hit our area, with buyers out in droves looking for homes. What they’ve found, however, is high competition and scant listings. The region’s low housing inventory has been a constraint that has resulted in fewer closed sales than we’ve seen in recent […]
Market Updates Local Market Update – May 2023 As the weather warms, so too does our real estate market, it seems. With dwindling inventory and climbing prices, the housing market is on an upswing, even if it’s a small one. This places sellers back in the driver’s seat, with buyers forced to compete against multiple offers and in the face of higher interest […]
Market Updates Local Market Update – April 2023 Spring has truly arrived in our region, with longer days and blooming cherry blossoms. Along with these harbingers of the season, the pace of the local real estate market has also picked up, indicating that the spring market is finally here. An uptick in new listings and price gains in the last month demonstrates a […]
Market Updates Local Market Update – March 2023 A recent surge in purchase activity indicates that the early spring real estate market is in full swing in our region. Fluctuating interest rates have caused some buyers to converge on properly-priced listings when rates are down, while potential sellers have been hesitant to let go of the historically low mortgages they have on their […]
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Market Updates Local Market Update – February 2023 Spring may have come early to the local housing market, with home sales increasing and multiple offers sneaking back into the norm after a downturn over the last few months. While still not at the levels of the peak pandemic market, buyers are actively competing with one another again, as mortgage rates and prices have […]
Market Updates Local Market Update – January 2023 The close of 2022 brought the housing market extremes of the last year into sharp focus. With decreased sales, generally increasing inventory and lower prices, the December market finally seemed to hit the winter slowdown that has characterized typical market cycles of years past. This stands in contrast to the early months of 2022, which […]
Market Updates Local Market Update – December 2022 As temperatures drop and we approach the end of the year, the local housing market has remained somewhat sluggish — an indication of a return to normal seasonality. Slower home sales are not necessarily a bad sign; in many cases causes as benign as the holidays and inclement weather have pushed buyers off their path, […]
Market Updates Local Market Update – November 2022
Market Updates Local Market Update – October 2022 Increasing listings inventory, lengthening time on market and a slowdown in home price increases across the Puget Sound region herald a return to normalcy and better opportunities for buyers. According to September data from the NWMLS, active listings nearly doubled from a year ago, with pending sales declining by about 31%. “The ‘Great Reversion’ continues, […]
Market Updates Local Market Update – September 2022 After its breakneck pace over the last two years, it appears the housing market has finally reached a soft bottom to the price corrections that began in April of this year. Reports that we’re entering a bear market are generally exaggerated, however, as the market seems simply to be resetting to a more balanced state […]
Market Updates Local Market Update – August 2022 VIEW FULL EASTSIDE REPORT KING COUNTY VIEW FULL KING COUNTY REPORT SEATTLE VIEW FULL SEATTLE REPORT SNOHOMISH COUNTY VIEW FULL SNOHOMISH COUNTY REPORT This post originally appeared on
Market Updates Local Market Update – July 2022 VIEW FULL EASTSIDE REPORT KING COUNTY VIEW FULL KING COUNTY REPORT SEATTLE VIEW FULL SEATTLE REPORT SNOHOMISH COUNTY VIEW FULL SNOHOMISH COUNTY REPORT This post originally appeared on
Market Updates Local Market Update – June 2022 The tides of our local real estate market may at last be shifting, as buyers find relief in increasing inventory and the frenetic pace of sales slows noticeably. At the end of May, inventory across the 26 counties served by the Northwest MLS had increased by 59%, with 8,798 active listings in the database, compared […]
Market Updates Local Market Update – May 2022 <img class=”alignnone size-full” src=”https://getthewreport.com/wp-content/uploads/2022/05/lmu-05-may-2022-scaled.jpg?resize=759%2C500&amp;ssl=1″ width=”759″ height=”500″>   After a long stint of suppressed housing inventory across our region, buyers may at last have more options as the supply of available homes ticks up ahead of the summer market. The month-over-month increase in inventory has been as much as 50% in some areas, offering renewed opportunities […]
Local Windermere Cup May 6th-7th JOIN WINDERMERE AND MEON THE MONTLAKE CUT FOR WINDERMERE CUP WEEKEND Friday, May 6th PARTY ON THE CUT | 6PM -10PM Kick off Windermere Cup weekend at the fourth annual Party on the Cut with Boats, Bites, Brews, and Bands! Enjoy live music, food trucks, a beer garden, and a sneak peek at what’s in store […]
Market Updates Local Market Update – April 2022 The spring market continues its frenzied pace, with soaring prices and stiff competition testing the resolve of buyers. Despite these obstacles and rising mortgage rates, inventory remains low across King County, as pending sales keep pace with new listings, demonstrating a strong demand from buyers. This demand has factored into the way sellers are approaching […]