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Property Views: Get used to the newest ‘new normal’

As we end a year that saw the real estate landscape change dramatically, it’s time to recalibrate expectations about the newest “new normal.” We started the year with a strong seller’s market, with multiple competing offers escalating on the few homes for sale. The residential landscape has changed.

Property Views: Rebalancing back to a normal market

Happy fall! If you follow the real estate market, you know that our region continues to rebalance back to a normal market. The latest numbers from the Northwest Multiple Listing Service show King County active listings are nearly doubled from a year ago and pending sales are down.

Property Views: Real estate is moving at a more normal pace

It has been a high-speed chase in the real estate market — in Seattle and elsewhere — for the past few years, with escalating prices, bidding wars and low inventory. The Federal Reserve tapped the brakes after the spring market with an increase in interest rates, and we saw an immediate slowdown in the home-buying frenzy.

Real estate comes back to earth

It finally happened: The fever broke. With the rise in interest rates, the Seattle real estate market has experienced a cool-off.

A shifting real estate market in the region

As you by no doubt have heard, our region is experiencing a shift to a more-balanced real estate market. The latest numbers from the Northwest Multiple Listing Service show an increase in inventory and a slowing of sales. Rising interest rates, inflation and a sinking stock market are adding to the changes in activity.

Property Views: A stable investment amid uncertainty

Who would have thought in 2019 that a global pandemic would lead to a real estate boom? Today, we are faced with a new set of uncertainties: a correction in the tech sector of the stock market and inflation.

Property Views: An ever-changing Seattle real estate market

Wishing you all a beautiful spring ahead.

Property Views: It’s win-or-lose in real estate so far this year

You’ve heard it all before. The pandemic upended everything, including residential real estate. It seemed like everyone needed more space. For those who could work from home, it meant buying without thinking about commute times or access to transit and was spurred by low interest rates. While that happened here in Seattle, it also played out across the country.

Property Views: Seattle real estate still a seller’s market, for now

Greater Seattle continues to experience a very active real estate market with a shortage of inventory plaguing the region.

Property Views: Where are the homes for sale?

Just like the temperature would suggest, winter is typically a cool time for the real estate market. But 2022 continues 2021’s unusual trajectory: Real estate in Madison Park and our surrounding neighborhoods is hot, with multiple offers common and above-list sales prices the norm.

Property Views: Inventory to stay tight in the coming year

Goldman Sachs forecasting U.S. home prices will soar another 16 percent in 2022

Phew, it’s been a wild year!

Property Views: When buying or selling, get creative to win

At the end of a year in which so much was unprecedented

Property Views: A shortage of inventory plaguing region

Greater Seattle continues to experience a very active real estate market with a shortage of inventory plaguing the region.

Property Views: What you need in this market is a strong negotiator

Things are cooling off, and we’re not talking about the weather.

Summer real estate snapshot

Seattle has seen an unprecedented summer in the real estate market this year.

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