We are seeing more and more traditional single-family homes go on the market with review dates. This is a good sign that the market is heating up. NW Seattle currently has more review dates than SW Snohomish County. I was surprised by a handful of new listings in SW Snohomish that didn’t have review dates. They seem to be in the sweet spot for a price range that tends to be more competitive. Last week in NW Seattle, all but one of the homes that had a review date did go under contract on their review dates or the following day. Again, all good signs that the market is heating up and that Buyers are back from the holiday distractions.
New listings are dramatically up in both markets, which is very typical this time of year. Each week we should see a steady stream of new listings. Providing interest rates stay stable, we should also see increased Buyer activity. The next Fed meeting in this week, but it is expected that the Federal Reserve will hold interest rates steady.
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
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