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Higher Interest Rates and Record Inventory Are Shaping the Market After a relatively stable summer, mortgage rates have begun moving higher. For much of the summer, rates ranged between 6% and 6.375%, but they started climbing in late August. Although the two-week comparison shows no change at 7.25%, rates reached 7.375% last week—about a full … Continued

Buyers Are Back with More Choices and Less Urgency The Northwest Seattle and Southwest Snohomish County markets continue to show signs of increased buyer activity, even as mortgage rates move higher. In Northwest Seattle, 77 homes went under contract over the past two weeks, up 20% from the previous period. Southwest Snohomish County also saw … Continued

Buyers and Sellers are back from the Labor Day Holiday More Activity Returns to the Market The Northwest Seattle and Southwest Snohomish County markets both saw a noticeable increase in activity this past week, likely reflecting buyers and sellers getting fully back into their routines following the Labor Day holiday weekend. In Northwest Seattle, homes … Continued

The Labor Day Effect: A Quieter Week in Real Estate We hope everyone is enjoying the long holiday weekend! As expected, the Labor Day holiday brought a quieter-than-usual week to the local housing market, with fewer new listings and fewer closed sales across both Northwest Seattle and Southwest Snohomish County. Mortgage rates increased by 0.125% … Continued

NW Seattle Sellers Are Facing a More Selective Market The latest two-week numbers show a noticeable divergence between the NW Seattle and SW Snohomish County markets. While both areas are dealing with mortgage rates in the mid-6% range, the latest activity suggests buyers in each market are responding differently to inventory and pricing. In NW … Continued

The Latest Market Shift: More Choices, More Selectivity The past two weeks brought a modest shift in both the Northwest Seattle and SW Snohomish County markets, with inventory edging lower and mortgage rates improving. The 30-year conventional rate declined from 6.625% to 6.375%, which is giving some buyers a little more purchasing power. In Northwest … Continued

Interest Rates are Rising, But Buyers Haven’t Gone Away The Northwest Seattle market continued to show resilience over the past two weeks despite mortgage rates climbing back to 6.625%. The rate increase is due to the bond market’s reaction to the increased hostilities in Iran.  Inventory increased 3.3% as more sellers entered the market, with … Continued

Buyer Demand Holds Steady Despite Holiday Slowdown The Fourth of July holiday brought its usual seasonal slowdown to the local real estate market. As expected, fewer homeowners chose to list their homes during the holiday week, and buyer activity softened as many people focused on summer travel and celebrations. Once the holiday passed, new listings … Continued

The Early Summer Market Cools The early summer housing market has shifted gears across both Northwest Seattle and Southwest Snohomish County. While mortgage rates have remained steady at 6.25%, buyer activity has slowed noticeably over the past two weeks. Inventory continues to build, increasing 6.3% in Northwest Seattle and 10.4% in Southwest Snohomish County, while … Continued

The Market Isn’t Hot, But It’s Moving The local housing market continues to show resilience as we start to move into the summer season. Mortgage rates held steady at 6.25% over the past two weeks, providing buyers with a sense of stability. In both Northwest Seattle and Southwest Snohomish County, buyer activity improved while inventory … Continued