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Market Conditions

Found 916 blog entries about Market Conditions.

KIRKLAND, Washington (June 6, 2019) - The housing market in western Washington may not be as hot as it was last spring, but it is heating up, suggested one industry leader in commenting on the latest statistics from Northwest Multiple Listing Service.

Matt Deasy, president of Windermere Real Estate/East, Inc. said his analysis of single family home sales in King County reveals 7 out of 10 properties that sold during May had 15 or fewer days on the market. He also noted more than half the listings (55 percent) in the county sold for at or above list price, the highest ratio since July 2018.

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  • King Count Housing Inventory Increases More Than 62%
  • Total Area Inventory Up 24.5%
  • Buyers rejoiced at lower interest rates in May.
  • Volume of new listings, and the number of closed sales – both showed slight gains from a year ago.

Home buyers are “better off,” but market is heating up.

KIRKLAND, Washington (June 6, 2019) – The housing market in western Washington may not be as hot as it was last spring, but it is heating up, suggested one industry leader in commenting on the latest statistics from Northwest Multiple Listing Service.

Matt Deasy, president of Windermere Real Estate/East, Inc. said his analysis of single family home sales in King County reveals 7 out of 10 properties that sold during May had 15 or fewer days on the

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In today’s changing market, there’s more to a successful closing than just getting the offer accepted. Make sure you have an agent capable of guiding you from start to close!

The old school three p’s — “Plant a sign, Post on the MLS and Pray” — employed by some agents in hot markets, will not work as things begin to cool off. The adage, “You have a minute to sell your home,” beginning the moment a prospective buyer pulls up in front of a property, is no longer true.

That minute has become 10 seconds or less and happens on a buyer’s mobile device nowhere near the listing. If buyers do not like what they see, no amount of open house signs will get them into your listing — they will swipe left and move on.

This year’s market is not the same as

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Pricing Your Property Is A Balancing Act:

On the one hand, you want to set a listing price that maximizes interest among qualified, motivated buyers who will be willing to pay top dollar for your property. Indeed, such buyers will ultimately determine your property's top market value.

On the other hand, you do not want to set a listing price that attracts a lot of buyer prospects, but sets the stage for negotiations that result in your getting less than what your property is really worth.

Your Home's Actual Market Value

In a perfect world, your home's value would be everything you think and need it to be. However, simply put, your home's value is not determined by you, but by what the market is willing to pay for it at a given time. These

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  • 28.5 percent overall increase in active listings
  • 5.8 percent gain in pending sales
  • 2.4 percent rise in median prices for sales of single family homes
  • Slight 1.9% decrease in closings

KIRKLAND, Washington (May 6, 2019) – Housing activity during April signaled good news for buyers
in Western Washington as inventory continued to grow, the rate of price increases was slowing in many
areas (and even decreasing in a few counties), and mortgage rates remained low.

Northwest Multiple Listing Service statistics for last month show a 28.5 percent overall increase in active
listings compared to the same month a year ago, a 5.8 percent gain in pending sales, and a 2.4 percent rise
in median prices for sales of single family homes and condos that

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KIRKLAND, Washington (May 6, 2019) - Housing activity during April signaled good news for buyers in Western Washington as inventory continued to grow, the rate of price increases was slowing in many areas (and even decreasing in a few counties), and mortgage rates remained low. 

Northwest Multiple Listing Service statistics for last month show a 28.5 percent overall increase in active listings compared to the same month a year ago, a 5.8 percent gain in pending sales, and a 2.4 percent rise in median prices for sales of single family homes and condos that closed during April. The volume of closings dipped slightly (down 1.9 percent).

"Listings were popping up like April flowers and the bloom has produced a vibrant and healthy market," exclaimed MLS

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The Northwest MLS April stats are in!  The market looks healthy and the inventory is growing, giving buyers more options to choose from. Combine that with low mortgage interest rates, now is a great time to buy a home.  Here are a few key takeaway points:

  • There was a 2.4 percent rise in median prices for sales of single family homes and condos
  • 5.8 percent gain in pending sales
  • Seven counties had double-digit growth in inventory from a year ago, led by King County (up 78.5%) and Snohomish County (up nearly 57%)
  • Northwest MLS members added 11,697 new listings to inventory during April for a year-over-year gain of nearly 3.8%
  • Home prices for last month's completed sales of single family homes and condos rose 2.4 percent area-wide compared
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  • 28.5 percent overall increase in active listings
  • 5.8 percent gain in pending sales
  • 2.4 percent rise in median prices for sales of single family homes
  • Slight 1.9% decrease in closings

KIRKLAND, Washington (May 6, 2019) – Housing activity during April signaled good news for buyers
in Western Washington as inventory continued to grow, the rate of price increases was slowing in many
areas (and even decreasing in a few counties), and mortgage rates remained low.

Northwest Multiple Listing Service statistics for last month show a 28.5 percent overall increase in active
listings compared to the same month a year ago, a 5.8 percent gain in pending sales, and a 2.4 percent rise
in median prices for sales of single family homes and condos that

Read Full Post »

"Click" Here to View The Fully Interactive Property Website

Find yourself at home from the minute you walk into this impressive Murray Franklyn home sited on a corner lot at the beginning of a private cul de sac. Welcoming front porch is the perfect spot to sip on lemonade & watch the hummingbirds visit- a favorite pastime for the current owners!    Gourmet chef’s kitchen with a large slab granite center island, rich cabinetry, an intricate backsplash & an upgraded cooktop with an overhead vent. Sumptuous master suite with a spa inspired master bathroom is the perfect place to relax. Enjoy movie nights in the huge bonus room. 3 additional  bedrooms & a full bathroom complete the upstairs. Desirable & highly sought after main floor 5th bedroom

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The Open House Treasure Hunt is Back!

Join us on Saturday, May 18th for our Annual Open House Treasure Hunt.

Tour homes and win over $200,000 in Cash & Prizes!

96.5 Jack FM will be at select locations with live remotes and more chances to win!

Homes must be listed by May 16th!

Register HERE to have your home included in the Open House Treasure Hunt

What can you expect during the Open House Treasure Hunt this year?

Our marketing efforts include:

  • 80 Radio Spots - 96.5 Jack FM (around 1 Million Impressions will be generated from the radio spots!)
  • Live Radio Remotes - Website promotion for each remote on the station's website
  • Jack FM Home Page Banner
  • Inclusion on JackSeattle.com with events, newsletters & contest
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