Market Updates

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Market Updates First Recent Year Over Year Price Drop King County held steady longer than surrounding areas, but marked a 7% year over year sales price reduction in February; according to the NWMLS.  This was the first monthly, year over year drop since May 2020.  Prices in 2022 continued to rise through the second quarter, so we will likely see this become a pattern.  […]
Market Updates The Gardner Report 2022 Q4 Windermere is wise enough and fortunate enough to work with Chief Economist Matthew Gardner.  Having complex economic and real estate data evaluated at the state and county level is a great benefit to me as an agent, my buyers and sellers. King County lost 3.1% in average home sale prices for the 4th quarter of […]
Buying Finally, Some Good Economic News! It was great to receive some good news today, via our Penrith Loan Officer Jen McGeary.  She reported that the core CPI dropped from .6 last month to .3  for October 2022. This suggests overall inflation is cooling.  The markets responded positively and today the Dow is up 1201 points.  Interest rates were reported as […]
Area Market Updates 3rd Quarter Gardner Economic Report View Q3 2022 Report
Market Updates CNBC Ranks Washington as 2nd Most Stable Housing Market in the United States As reported by Lillian Dickerson of Inman News, the housing market and the economy at large have taken a wild ride this year, with home prices clinging to historic highs and mortgages hitting rates far surpassing the lows of 2021. Among that news, comes an analysis by CNBC regarding which states’ housing markets are the […]
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 […]
Market Updates Eastside Inventory   If you’ve seen skyrocketing home prices in your Eastside neighborhood recently, this video explains it from a supply vs. demand standpoint. For those pondering whether now is the right time to list a home for sale, the lack of competition could prove a motivating factor. I’m always happy to share a more specific look […]
Market Updates Local Market Update – August 2021 LOCAL MARKET UPDATE ·2 min read Local Market Update – August 2021 The typical summer slowdown brought some good news for those looking to buy a home. While prices are still on the rise, there are more homes to choose from and multiple offers are down as compared to earlier this year. This easing, however, […]
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Market Updates Local Market Update – July 2021 LOCAL MARKET UPDATE ·2 min read Local Market Update – July 2021 Is there finally hope for homebuyers? The number of listings rose slightly throughout the region in June, but it’s not clear if that trend will continue. Supply is still far short of demand, and the Puget Sound region remains one of the hottest […]
Market Updates Local Market Update – June 2021 LOCAL MARKET UPDATE ·2 min read Local Market Update – June 2021 May was a record-breaking month for the real estate market. Inventory hit all-time lows, and home prices reached record highs. With the supply of homes so tight, this sizzling seller’s market is expected to continue throughout the summer. High demand hammered inventory in […]
Market Updates Local Market Update – May 2021 LOCAL MARKET UPDATE ·2 min read Local Market Update – May 2021 A sizeable increase in new listings in April offered some good news for buyers, but it was matched by an even greater increase in sales. With supplies depleted, and homes being snapped up within days, nearly every area saw double-digit price gains. The […]
Market Updates Local Market Update – April 2021 LOCAL MARKET UPDATE ·3 min read Local Market Update – April 2021 Despite a bump in new listings the supply of homes still can’t keep up with the demand. The result? Multiple offers, escalation clauses, and record-breaking prices. If you’re considering selling your home, you’d be hard pressed to find a more lucrative market than […]
Market Updates Local Market Update – March 2021 LOCAL MARKET UPDATE ·2 min read Local Market Update – March 2021 Neither the snowstorm nor the increase in mortgage rates dampened buyer demand in February. Lack of inventory continues to be a frustration as there are way more prospective buyers than there are homes for them to buy. As a result, prices continued their […]
Market Updates Local Market Update – February 2021 LOCAL MARKET UPDATE ·2 min read Local Market Update – February 2021 This winter’s real estate market is looking more like a typical spring market. Sales were up, competition was fierce and prices continued to rise. Lack of inventory still presents a huge issue. At the end of January there were only 1,055 single-family homes […]
Market Updates Local Market Update – January 2021 LOCAL MARKET UPDATE ·2 min read Local Market Update – January 2021 The end of 2020 marked a most unusual year, and the real estate market was no exception. While homes sales usually take a holiday during December, this year saw the continuation of an exceptionally strong and competitive market. New listings, closed sales and […]
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