Monday NW Seattle Real Estate Market Update | July 26th, 2021

https://youtu.be/Noh5ZXCIPZI

This past weekend we had six openย ๐Ÿšชย house events and it was apparent that buyers are out in force, especially on Saturday. Buyers are super optimistic because they think that thereโ€™s a little more inventory and itโ€™s not quite competitive.

As always, we review the NW Seattle area housingย ๐Ÿ“ˆย numbers over the past week. Inventory levels have actually come down a little bit from last week. We currently have 172 homesย ๐Ÿ˜๏ธ available in Northwest Seattle, and this week demand definitely outpaced supply. We had 55 new listings hit the market and 63 went pending. The vast majority of homes have gone under contract in 9 days or less.

Interest rates are holding steady at historicallyย ๐Ÿ“‰ย low levels. A 30-year fixed is at 3.125% and Jumbos are incredibly low at 2.875%. This is great newsย ๐Ÿ“ฐย for buyers and sellers.

โ€‹If youโ€™ve been thinking about selling your Seattle home, click to find out what your home is worth in our HOT market!ย ๐Ÿกย Visit https://www.brennerhill.com/go/home-value/ We will email you a free Market Analysis Report for your home.ย 

We hope you enjoy your very sunnyย ๐ŸŒžweek!ย 

-Steve & Sandraย 

๐ด๐‘›๐‘‘ย ๐‘Ž๐‘ ย ๐‘Ž๐‘™๐‘ค๐‘Ž๐‘ฆ๐‘ ,ย ๐‘–๐‘“ย ๐‘ฆ๐‘œ๐‘ขย โ„Ž๐‘Ž๐‘ฃ๐‘’ย ๐‘Ž๐‘›๐‘ฆย ๐‘Ž๐‘‘๐‘‘๐‘–๐‘ก๐‘–๐‘œ๐‘›๐‘Ž๐‘™ย ๐‘Ÿ๐‘’๐‘Ž๐‘™ย ๐‘’๐‘ ๐‘ก๐‘Ž๐‘ก๐‘’ย ๐‘ž๐‘ข๐‘’๐‘ ๐‘ก๐‘–๐‘œ๐‘›๐‘ ,ย ๐‘“๐‘’๐‘’๐‘™ย ๐‘“๐‘Ÿ๐‘’๐‘’ย ๐‘ก๐‘œย ๐‘๐‘Ž๐‘™๐‘™/๐‘ก๐‘’๐‘ฅ๐‘กย ๐‘ข๐‘ ย ๐‘Ž๐‘›๐‘ฆย ๐‘ก๐‘–๐‘š๐‘’!ย ๐‘Š๐‘’โ€™๐‘Ÿ๐‘’ย ๐‘Ž๐‘™๐‘ค๐‘Ž๐‘ฆ๐‘ โ„Ž๐‘’๐‘Ÿ๐‘’ย ๐‘ก๐‘œย โ„Ž๐‘’๐‘™๐‘!ย 

Steveย ๐Ÿ“ฒย (c) 206-769-9577ย ๐Ÿ“งstevehill@windermere.comย 

Sandraย ๐Ÿ“ฒย (c) 206-271-7100ย ๐Ÿ“งsbrenner@windermere.comย 

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