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Area Market Updates • January 12, 2022
Eastside – January Market Report
by Betsy Weyer
Area Market Updates September MLS Sales Information Higher interest rates are making it tougher for buyers and sellers. The interest rate is about double what it was earlier in the year. Rates near 3% have disappeared and are now about 6%. While home price appreciation has slowed from the frenzy of the first quarter of 2022, buyers are still not able to […]
Area Market Updates Local Market Sales Volumes Slowed in May 2022 Just a few months back, nearly every Seattle or Eastside home sold on a Review Date. The sales price was usually over full price and with minimal to no sales contingencies. With the significant interest rate increase this year, we are seeing a slowing of sales activity. Although Seattle median prices increased from $919,000 to […]