Current Market Data

NAR: Existing-home sales rebound in September
NAR: Existing-home sales rebound in September

The median existing-home price for all housing types in September was $352,800, up 13.3% on an annual basis, as every region in the country registered price increases.

New-home construction cools in September
New-home construction cools in September

The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.

September saw fewer homes sold, another increase in prices
September saw fewer homes sold, another increase in prices

Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.

RE/MAX: Seattle housing market takes a pause in September 
RE/MAX: Seattle housing market takes a pause in September 

Days on market rose 7.1% from August, and the median price of houses sold slid 1.8% to $638,000, according to RE/MAX’s National Housing Report. 

Redfin: Climate change will exacerbate U.S. housing shortage
Redfin: Climate change will exacerbate U.S. housing shortage

Climate change will negatively impact the already-stunted housing inventory in the U.S., according to a recent Redfin report.

Buyers well-prepared in face of competitive Seattle market
Buyers well-prepared in face of competitive Seattle market

Despite low inventory and the competitive nature of the current market, buyers are well-prepared and ready to make offers, according to a recent report by Coldwell Banker Bain.  The housing shortage continued to be a problem as the third

Foreclosure activity on the rise, yet still far below historic norms
Foreclosure activity on the rise, yet still far below historic norms

It’s been barely three months since the federal moratorium on foreclosures expired, but it’s starting to prove costly, as nationally, foreclosures are on the rise, having increased 67% from last year.

Zillow: Unprecedented housing market shift has had little impact on sellers
Zillow: Unprecedented housing market shift has had little impact on sellers

While the past year has been unprecedented in terms of economic change and a global pandemic, most U.S. home sellers’ experiences were similar to past years, according to Zillow’s latest consumer housing trends report.  Consistent with the past three

Insurance-based smart home technology saves homeowners in more ways than one
Insurance-based smart home technology saves homeowners in more ways than one

As remote work becomes the new norm for many homeowners, real estate professionals are encouraging clients to consider implementing insurance-based smart home technology into their homes. 

Housing market shows promise, despite low inventory
Housing market shows promise, despite low inventory

Overall, September’s housing market statewide remained robust, according to a new report from the Northwest Multiple Listing Service, but low inventory is still problematic. With single-family homes and condominiums combined, there were slightly more new listings last month (11,373)

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