Current Market Data

70% of homebuyers still facing bidding wars

Market competition has eased up recently, but seven in 10 buyers still face bidding wars, according to a new report from Redfin.

Seattle home inventory levels rebounded in May

Inventory levels rebounded last month, finally showing signs of recovery following a year of historical declines.

Seattle area in a 4-way tie for fastest-selling homes at 12 days

The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, while month-over-month sales in Seattle bucked the trend slightly, climbing 0.4%, according to the RE/MAX May National Housing Report.

Housing market simmers down, but pending sales are still up

Although pending sales are up 29% from last year, they are starting to slow down, dropping 9.7% from their peak four weeks ago.

Washington among top states for home equity gain, up $66K in a year

The rise in equity could help stave off foreclosures because homeowners can tap into that equity and sell their home, unlike during the 2008 financial crisis when many homeowners found themselves underwater in their mortgage, according to CoreLogic.

Seattle ranks 18th on top 50 new markets list based on 2020 closings

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

Out-of-town movers reshuffling to larger, more affordable homes

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.

Seattle real estate sees a slight listings dip and more price records

Active listings for single-family homes dropped for the first time from April to May.

MBAKS report shows an increase in residential permits

Pierce County led the way with a 61% increase in single-family permits.

High-end home sales, prices jump as market flourishes

High-end home sales surged in the three months ended April 30 as prices also rose and listings increased.

5 takeaways from Sotheby’s Q1 Market Report

Sellers keep winning, while the pandemic and a strong economy are redefining long-held notions about metro Seattle’s real estate market.

Seattle home prices reach new highs in May

Home-price growth remained in double digits for the 10th straight month in May as inventory lows pushed the median listing prices up 15.2% from last year.

Pending home sales slide in April on tight inventory

Year over year, however, pending home sales were up 57.1%, the NAR said, citing its monthly Pending Home Sales Index.

COVID savings fuels millennial down payments

First-time homebuyers found their long-term plans changed due to COVID.

New home sales slide in April as prices continue to rise

The median sales price of new homes sold in April was $372,400, up from $334,200 in March and $310,100 a year ago. 

Half of homes sold above asking price last month, but some wonder if demand has peaked

Housing records continue to be broken, but despite the strong numbers, data could indicate homebuyer demand is reaching a peak.

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