Author: brennerhill

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

Memorial Day Creates a Temporary Pause as Inventory Reaches New Highs Holiday weekends almost always create a temporary slowdown in our local real estate market, and Memorial Day was no exception. The impact typically stretches across about two weeks, making week-to-week comparisons a little misleading. In Northwest Seattle, buyers were noticeably absent last week. The … Continued

It’s a Wonky Market! The local housing market continues to feel unsettled, with no strong momentum in either direction. We seem to be stuck somewhere between a soft seller’s market and a balanced market, making it difficult for both buyers and sellers to gauge where things are headed next. Economic uncertainty, global concerns, and rising … Continued

Interest Rates Back Up Amid Inflation and US Debt Concerns Buyers in Southwest Snohomish County are more closely keeping pace with new listings more than those in Northwest Seattle. Over the past two weeks, SW Snohomish saw 99 new listings come on the market, with 80 going under contract. In contrast, Northwest Seattle had 143 … Continued

We hope everyone enjoyed the gorgeous weather this past weekend! It was a nice way to end spring break for the kiddos. Interest rates have been moving back down since the beginning of April, which is welcome news for everyone! We’re now back down to 6% for conforming rates, down from a recent high of … Continued