It’s been another interesting week for local real estate. Homes going under contract are up in both markets over the past two weeks. In NW Seattle, this is the highest two week number for the year. I’ve said this before, but it is worth repeating! I am pleasantly surprised by the resiliency of Buyers.
Sold values were up in both NW Seattle and SW Snohomish Country for the past two weeks. I had noticed this last Monday and had wondered if the trend would continue. This past week, I noticed that the homes in NW Seattle that did sell for under asking, still sold very quickly – with an average of 15 days of market time and sold for an average of 95.6% of asking. This shows that Sellers are willing to negotiate with Buyers.
Interest rates have remained steady for the past few weeks. If rates aren’t going down, then the next best thing is rate stability. The Fed is meeting this week, where the overall consensus is that rates will stay the same. I look forward to the day when we can expect the Fed to cut rates!
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
MAIN (206) 527-5250
brennerhill.com
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