As always, pricing and presentation are essential — even the most simple refresh can offer big results.
For those waiting to look for a new home until the rates drop or inflation is curbed should know — the waiting game doesn’t always pay off.
Comparing January to July to 2022 numbers, we’re down 34 percent in total sales — yet the pace of the market is breakneck.
The luxury market is providing house hunters with more selection, time to make decisions, and negotiating power.
The arrival of warmer weather does typically signal a continued season of activity in our local market.
West Seattle features hidden and well-known parks, beaches, viewpoints and outdoor opportunities.
By mid-March, available houses tightened to 4.5 months of inventory — that puts us squarely in a neutral market.
The beginning of 2023 has brought some promising signs for our local real estate market after an uncertain fourth quarter in 2022. Triggered by declining mortgage interest rates and pent-up buyer demand, many of us have seen a return of multiple offers, especially in the mid-range price points. Real buyers are out there; with rates down, it has pushed many off the sidelines who plan to purchase now and refinance once rates come down more.
Forget the old news — 2023 is already promising to be different.
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.
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.
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.
It finally happened: The fever broke. With the rise in interest rates, the Seattle real estate market has experienced a cool-off.
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.
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.