Current Market Data

Forecast sunny for interest rates, partly cloudy for first-time homebuyers

We spoke with real estate experts — Rachel Adler, managing broker with Windermere/East Inc.; Ron Kirse, Seattle district manager of U.S. Bank Home Mortgage; and Lysa Catlin, branch manager of Summit Funding in Kirkland — to get their thoughts on mortgage rates. Get an insider’s look on what to expect in the months ahead.

In Seattle, mobile app identifies graffiti hot spots and more

Taggers, hoping to leave their mark — quite literally — have marred and maligned street signs, bus stops, freeways, public buildings, even private property. The city’s Find It, Fix It app aims to remedy the situation.

August pending-home-sales growth slowest since June 2020

Pending home sales in August rose just 9%, the slowest growth since June 2020, according to a new Redfin report.

Pending home sales up 6% from 2020 despite dwindling listings

A decline in new home listings has had little impact on the market as far as demand is concerned, according to a recent Redfin report.

iBuyers gain market share nationwide but remain low in Seattle market

For the first time, iBuyers, also known as instant buyers, clinched 1% of the overall market share of homes purchased nationwide, according to Zillow Research.

Home prices are 40% more affordable than at housing boom height

Income levels and mortgage rates gave homebuyers in June 129% more house-buying power than they had in 2006, according to First American Financial Corp.’s June Real House Price Index.

Tacoma and Spokane rank among top ten ‘Zoom cities’

Home markets where demand is extremely high, like Tacoma and Spokane, are being dubbed “Zoom cities.”

Seattle Housing Scorecard: Housing starts rose, housing inventory fell in August

Housing inventory fell in Seattle during August, while housing starts and existing-home sales rose.

Median home sale prices increase 16% from 2020

Even as the real estate market is showing signs of cooling and more sellers are dropping asking prices, median home prices increased by double digits from last year.

Seattle home prices expected to jump 18% in the next year

Homebuyers in the Seattle area should brace themselves — again — amid expectations that the residential real estate market could jump 18% next year, according to a new study by Porch.

Brighter days ahead for Seattle condo market

Polaris Pacific has compared the number of new construction sales for the month of July, as well as resale listings, or existing condo sales. The data is revelatory.

Seattle ranked among top homebuying markets

Personal finance website WalletHub has ranked the Seattle real estate market as No. 22 compared to local markets nationwide.

New-home sales plummet in July

Also during the month, the median sales price rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

Seattle homes sold well over asking prices last quarter

In what’s been a historic, frantic market, homes selling for large sums over list prices have risen sharply since January.

What do buyers want to see in your real estate listing marketing?

You might be surprised by the results of this survey.

New-home construction falls in July

“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi

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