We’re not even a week into the partial government shutdown, so it’s still too early to gauge its effect on our local real estate market. So far, buyer activity appears steady. While the number of homes going under contract in both NW Seattle and SW Snohomish County has dipped, the slowdown feels typical for this time of year rather than a sign of broader market stress.
Over the past couple of months, a clear trend has emerged: more homes are selling below their most recent asking price than above it. During the past eight weeks, an average of 23% of homes sold above list price, while about 45% sold below. Despite this shift, overall home values remain resilient. The average sold price per square foot has stayed within a healthy range of $544 to $645, with most weeks holding steady between $560 and $580—a reassuring sign of market stability.
Interest rates have also been consistent, hovering around 6% or slightly higher for the past month. This combination of steady pricing and stable rates suggests that, even with national uncertainty, our local market continues to hold firm.
If you’ve been considering selling but are unsure how national 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 no matter what’s happening in Washington, D.C.
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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