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Education April 2025 Seattle Housing Market Update Early spring shows initial signs of market warm-up Here are my bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of March): March’s market activity showed some expected seasonal growth as we move into spring, but we remain in a seller’s market. Sellers seemed to […]
Education March 2025 Seattle Housing Market Update Affordability and inventory remain challenges for the market Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of February): Traditionally a quiet month, February’s market activity reflected consumer sentiment in two important areas: affordability and available inventory. Although the number of active […]
Education February 2025 Seattle Housing Market Update Market activity is increasing, but affordability remains questionable Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of January): Activity was up in January, both month-over-month compared to December and year-over-year compared to January of last year. The number of closed sales […]
Education January 2025 Seattle Housing Market Update Mortgage rate increase throws curveball into market Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of December): Despite hopes and predictions, the Federal Reserve Bank’s three interest rate cuts in 2024 have not led to reduced mortgage rates or a significant […]
Education October 2024 Seattle Housing Market Update Lowered mortgage rates provide boost but affordability remains elusive Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of September): The further reduction of interest rates in September by the Federal Reserve provided a positive end-of-the-summer boost to the market. However, without […]
Education June 2024 Seattle Housing Market Update While interest rates remain high, an increase in inventory and closed sales transactions signal that buyers and sellers are adjusting Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of May): The real estate market has continued to pick up in accordance […]
Education April 2024 Seattle Housing Market Update Decreased mortgage rates have yet to influence the market Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of March): Interest rates have decreased by 0.15% over the past month to 6.79%, and while the rate decrease is encouraging, it has yet […]
Education March 2024 Seattle Housing Market Update Cautious market optimism as seasonal changes take shape Here are my bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of February): Interest rates ticked back up by about a quarter of a percent to 6.94%. This continues to limit buyer purchasing power and sellers’ […]
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Education February 2024 Seattle Housing Market Update Prices and number of sales increased despite reduced inventory Here are my bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of January): Interest rates held steady through the month of January to end at 6.69%. The number of closed sales transactions was up 3% […]
Education January 2024 Seattle Housing Market Update Signs of optimism despite reduced inventory Here are my bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of December): Interest rates proceeded to drop through the month of December to a current rate of about 6.61%. Inventory levels are typically low this time of […]
Education December 2023 Seattle Housing Market Update Reduced inventory motivates increased home prices Here are my bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of November): A slight decrease in interest rates has raised cautious optimism – interest rates had fallen to around 7.2% as of December 1, 2023, in comparison […]
Education October 2023 Seattle Housing Market Update Indicators point to a continued market slowdown, optimism on the horizon Here are my bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of September): “The real estate market typically slows down in the fall and winter months. However, the high-interest rate environment has further […]
Education September 2023 Seattle Housing Market Update Northwest MLS housing market “still lacks direction” *NOTE* – the data we are looking at is from the full month of August. The NWMLS comprises 26 of Washington’s 39 counties, mostly in the western part of the state. Here are my bullet points from the newest press release from the Northwest Multiple Listing Service: Prices […]
Education August 2023 Seattle Housing Market Update Housing market downturn “inevitable” with higher rates, but brokers find bright spots *NOTE* – the data we are looking at is from the full month of July. The NWMLS comprises 26 of Washington’s 39 counties, mostly in the western part of the state. Here are my bullet points from the newest press release from the […]
Education June 2023 Seattle Housing Market Update Brokers report improving inventory and year-to-date gains in sales, prices *NOTE* – the data we are looking at is from the full month of May. The NWMLS comprises 26 of Washington’s 39 counties, mostly in the western part of the state. Here are my bullet points from the newest press release from the Northwest Multiple […]
Education May 2023 Seattle Housing Market Update “We’re moving in a positive direction” *NOTE* – the data we are looking at is from the full month of April. The NWMLS comprises 26 of Washington’s 39 counties, mostly in the western part of the state. Here are my bullet points from the newest press release from the Northwest Multiple Listing Service: The latest […]
Education April 2023 Seattle Housing Market Update Brokers around Washington state say spring market is “finally showing up” *NOTE* – the data we are looking at is from the full month of February. The NWMLS comprises 26 of Washington’s 39 counties, mostly in the western part of the state. Here are my bullet points from the newest press release from the Northwest […]
Education March 2023 Seattle Housing Market Update Brokers say housing activity seems to be trending in direction of a normal seasonal market *NOTE* – the data we are looking at is from the full month of February. The NWMLS comprises 26 of Washington’s 39 counties, mostly in the western part of the state. Here are the bullet points from the newest press […]
Education February 2023 Seattle Housing Market Update Northwest MLS brokers encouraged by declining mortgage rates with some saying pent-up demand is triggering multiple offers *NOTE* – the data we are looking at is from the full month of January. The NWMLS comprises 26 of Washington’s 39 counties, mostly in the western part of the state. Here are the bullet points from the […]
Education January 2023 Seattle Housing Market Update December ends with a “whimper,” and 2022 was “a tale of two housing markets” *NOTE* – the data we are looking at is from the full month of December. The NWMLS comprises 26 of Washington’s 39 counties, mostly in the western part of the state. Here are the bullet points from the newest press release […]
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