Real Estate Market Updates
Median home prices in the Northwest have increased 14.3% since January of last year. Buyer demand has more than tripled despite the pandemic. In January 2020, there were about 2 buyers per listing compared to the current 10 buyers per listing. Buyers competing in the...
There is insatiable buyer demand across Western Washington. Last month, this demand was the highest in Pierce and Whatcom counties. Prices for homes in these counties are up 20% or more. Across the area, single-family homes have appreciated 12.6% compared to one year ago. Condos...
There continues to be a drought in available homes in the Seattle area. On average, inventory is down 40% from last year. Low interest rates coupled with work-from-home needs are motivating people to take the leap and buy a house. The market shortage is especially...
There continues to be a low inventory of single-family homes available across the entire Puget Sound area. The Northwest MLS showed a 40% drop in active listings compared to one year ago. This shortage means houses do not sit on the market long. Many are...
Greater Seattle Area Real Estate Market Update - July 2020
Welcome to the Greater Seattle Area Real Estate Market Update for July 2020. It’s the middle of summer and we are far from normal. However, in our Seattle real estate market, more homes are being listed...
