Real Estate Market Updates & Insight

Statistics on the real estate market

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For Buyers May 2023 Real Estate Market Update As the weather warms, so too does our real estate market, it seems. With dwindling inventory and climbing prices, the housing market is on an upswing, even if it’s a small one. This places sellers back in the driver’s seat, with buyers forced to compete against multiple offers and in the face of higher interest […]
For Buyers Q1 2023 Western Washington Gardner Report The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to Kari Haas (206)719-2224. REGIONAL ECONOMIC OVERVIEW The […]
For Buyers April 2023 Real Estate Market Update Spring has truly arrived in our region, with longer days and blooming cherry blossoms. Along with these harbingers of the season, the pace of the local real estate market has also picked up, indicating that the spring market is finally here. An uptick in new listings and price gains in the last month demonstrates a […]
For Buyers March 2023 Real Estate Market Update A recent surge in purchase activity indicates that the early spring real estate market is in full swing in our region. Fluctuating interest rates have caused some buyers to converge on properly-priced listings when rates are down, while potential sellers have been hesitant to let go of the historically low mortgages they have on their […]
For Buyers January 2023 Real Estate Market Update The close of 2022 brought the housing market extremes of the last year into sharp focus. With decreased sales, generally increasing inventory, and lower prices, the December market finally seemed to hit the winter slowdown that has characterized typical market cycles of years past. This stands in contrast to the early months of 2022, which […]
Real Estate Market Updates & Insight December 2022 Real Estate Market Update As temperatures drop and we approach the end of the year, the local housing market has remained somewhat sluggish — an indication of a return to normal seasonality. Slower home sales are not necessarily a bad sign; in many cases, causes as benign as the holidays and inclement weather have pushed buyers off their path, […]
For Buyers November 2022 Real Estate Market Update As the final quarter of 2022 rolls on, it’s clear that these last months will be anything but typical for home buyers and sellers in King and Snohomish counties. In a real estate market that’s been defined by high competition and low supply for the last number of years, buyers and sellers are changing tactics […]
Real Estate Market Updates & Insight Q3 Western WA 2022 Gardner Report The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact Kari. REGIONAL ECONOMIC OVERVIEW The Western […]
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For Buyers October 2022 Real Estate Market Update Increasing listings inventory, lengthening time on the market and a slowdown in home price increases across the Puget Sound region herald a return to normalcy and better opportunities for buyers. According to September data from the NWMLS, active listings nearly doubled from a year ago, with pending sales declining by about 31%. “The ‘Great Reversion’ […]
For Buyers September 2022 Real Estate Market Update After its breakneck pace over the last two years, it appears the housing market has finally reached a soft bottom to the price corrections that began in April of this year. Reports that we’re entering a bear market are generally exaggerated, however, as the market seems simply to be resetting to a more balanced state […]
For Buyers August 2022 Real Estate Market Update The summer continues to heat up, and patient buyers are being rewarded as market shifts create a new dynamic between buyers and sellers. After years of intense competition between buyers for the most desirable listings, increasing inventory and slower price appreciation across the region have caused a pivot, with sellers competing more strongly against each […]
For Buyers Q2 Western Washington – The Gardner Report The following analysis of the Q2 2022 Western Washington real estate market report is provided by Windermere Real Estate Chief Economist, Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact Kari Haas. Regional […]
For Buyers July 2022 Real Estate Market Update Cooler temperatures and a cooler regional real estate market have been this summer’s hallmark thus far. After months of blazing hot sales and a breakneck pace, buyers are finally seeing inventory levels accelerate and price gains slow. With inspection and financing contingencies once again becoming the norm, the region may, at last, be shifting toward […]
For Buyers June 2022 Real Estate Market Update Windermere just released the market statistics from May, so let’s review what’s happening in the real estate market. The tides of our local real estate market may, at last, be shifting, as buyers find relief in increasing inventory and the frenetic pace of sales slows noticeably. At the end of May, inventory across the 26 […]
For Buyers May 2022 Real Estate Market Update After a long stint of suppressed housing inventory across our region, buyers may, at last, have more options as the supply of available homes ticks up ahead of the summer market. The month-over-month increase in inventory has been as much as 50% in some areas, offering renewed opportunities for those buyers who are not dissuaded […]
Kari's Blog April 2022 Real Estate Market Update The spring market continues its frenzied pace, with soaring prices and stiff competition testing the resolve of buyers. Despite these obstacles and rising mortgage rates, inventory remains low across King County, as pending sales keep pace with new listings, demonstrating a strong demand from buyers. Continue reading for the April 2022 real estate market update. […]
Kari's Blog March 2022 Real Estate Market Update What’s Happening in the Market In the March 2022 Real Estate market update, we head into the traditionally busy spring season for homebuying, the market seems to be keeping up its intense pace, with low inventory across the board and multiple offers the norm. A marginal increase in listings across King and Snohomish counties has […]
Kari's Blog February 2022 Real Estate Market Update What’s Happening in the Market In this February 2022 real estate market update, we see that the local market in January looked a bit like the calm before the storm. Home prices took a pause from the frantic surges of last year, but if the sales we’ve seen in the last few weeks are any […]
Kari's Blog January 2021 Real Estate Market Update What’s Happening in the Market In this January 2021 real estate update we see record-low temperatures combined with record-low inventory put a chill on housing activity in December. With very few homes available to buy, sales were down. Lack of supply and high demand continued to push prices up. Since the winter months historically bring […]
Real Estate Market Updates & Insight December 2021 Real Estate Market Update What’s Happening in the Market While the housing market typically slows down in the winter, fewer buyers are taking a break this year. High demand and scant inventory still favor sellers, who continue to see multiple offers. In one bright spot for buyers, home prices – while up from over a year ago – appear […]
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