As we mentioned in our last market update, we are seeing more traditional single-family homes listed with review dates. That trend has continued over the last two weeks. The vast majority of these listings are also going under contract on or shortly after their review dates. This is all good news for sellers, and we expect this trend to continue, barring any unexpected changes in the economy.
This past week in NW Seattle a few townhomes also had review dates. This number will increase as Brokers feel the market is heating up.
In taking a closer look at current inventory, we found that townhomes and townhome-style properties now make up 73% of the available homes in Northwest Seattle. While we knew they represented a significant share, we estimated it closer to 50–60%. This marks a dramatic shift from even a year ago.
This past week we had more homes close above their list price than below. The trend for nearly the last three months was that more homes sold below their asking price than above. Again, this is typically for the time of year – 4th Quarter tends to slow and 1st Quarter tends to increase.
Interest rates continue to move within a very narrow range, providing buyers with welcome stability as they navigate the market. This consistency makes it easier to plan, budget, and make confident decisions, offering a greater sense of security throughout the home-buying process.
If you’ve been considering selling but are unsure how broader events might affect your home’s value, now’s a great time to get clarity. Contact us for a personalized market analysis and expert guidance on timing your move—so you can make confident decisions in any market.
And as always, if you have any additional real estate questions, feel free to call/text us any time! We’re always here to help!
STEVE HILL
Broker | REALTOR®
CELL 206-769-9577
SANDRA BRENNER
Managing Broker | REALTOR® | MCNE | SRS | CRS®
CELL 206-271-7100
WINDERMERE REAL ESTATE / NORTHWEST
311 N 85th St
Seattle, WA 98103
brennerhill.com
Equal Housing Opportunity