Friday, September 23, 2016

Seattle Real Estate Market Update

The Seattle real estate market has been in the news for the past year. Prices have been escalating and we've had bidding wars that have been reported in the media for their sheer volume. It's not unusual to hear tales of homes selling for more than $100,000 over their listed price. Finally we're starting to see a bit of a change in the pace. Homes are still selling quickly if they are priced right but we are not seeing as many multiple offers on homes. Now there are only one or two offers instead of 10 or 12 or even more. I talked to one agent who had over 30 offers on a starter home priced in the high $300's.

Every month Windermere summarizes these trends and provides them for us to use in an easy to share format. Here is what they say about the month of August for both the residential and the condominium market.

If you're thinking about buying or selling a home and would like more information, please feel free to contact me.

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