Every year, spring is known as the peak home buying season. But this year? Things are moving a little slower than usual in the Puget Sound real estate market. Here’s what I’m seeing—and what the latest data from the Northwest MLS is showing for April 2025: Inventory Is Way Up 14,459 homes were for sale at the end of April, up nearly 50% from April 2024. King County alone saw a 71%...
Housing Supply Slightly Ticking Up The number of homes for sale is slightly moving up from the last week, about 11%, current at 1,014 homes. Huge Jump in Homes Going Under Contract Pending homes increased by 63% in just one week, maybe signaling an earlier spring market for 2025. Year to Date Stats Pending Homes Our year-to-date data shows how the real estate market this...
The Seattle housing market continues to show that home buying demand is returning, even as interest rates are only moving down slowly. We will look at some of the best data in the Pacific Northwest from NWMLS.com. If you're a home buyer, you will know how to prepare to win that home in the coming year. And if you're a homeowner, you'll gain insights on how to time the market to sell your home...
Housing Supply Slightly Ticking Up The number of homes for sale is slightly moving up from the last week, about 11%, current at 1,014 homes. Huge Jump in Homes Going Under Contract Pending homes increased by 63% in just one week, maybe signaling an earlier spring market for 2025. Year to Date Stats Pending Homes Our year-to-date data shows how the real estate market this...
The Seattle housing market continues to show that home buying demand is returning, even as interest rates are only moving down slowly. We will look at some of the best data in the Pacific Northwest from NWMLS.com. If you're a home buyer, you will know how to prepare to win that home in the coming year. And if you're a homeowner, you'll gain insights on how to time the market to sell your home...
The Federal Reserve is to meet in 12 days. The Fedwatch tool shows a 86% chance the Feds cut rates by 0.25%. "The Fed cutting rates a quarter point this month is more about a long-term trend," Christopher Clarke, a professor of economics at Washington State University. "Overall, we're expecting a whole percentage point this year and another percentage point next year, so that's going to lower...
Zillow’s 2025 Housing Market Forecast: More Choices, More Power for Buyers Zillow is predicting a more active housing market in 2025, with buyers having more options and negotiating power. Inventory is expected to increase, giving house hunters more to choose from—a welcome change after the tight inventory we've seen in recent years. While the median home price is projected to grow by 2.6%,...
December 2024 As for the Renton Housing Market, 20% of homes went pending within the first week of being on the market. Also, 20% of homes sold above their listing price, just when we thought the real estate market was slowing down. In Renton, Washington, the market still had multiple offers happening in the month of December. Price Trends Average Sold Price: Increased by 10.3%...
More Homes, More Choices for BuyerHome Sales Surge: A Hot MarketPricing Trends: Kent Washington Housing MarketSeasonal Inventory Trends: What History Tells UsShowings-to-Pending: A Telling MetricWhat This Means for Buyers and SellersThe Kent Washington Housing Market in Perspective If you're keeping an eye on Kent Washington housing market, the trends for 2024 are worth a closer look. The median...
As we move through fall, Seattle’s housing market is showing some interesting changes. Here’s a closer look at recent trends in inventory, sales activity, and pricing, offering insight for both buyers and sellers as we head toward the year’s end Inventory Trends: Fewer Homes Month-to-Month, But More Year-Over-Year October 2024 saw a 13% drop in inventory compared to September, a typical...
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