Last week, NW Seattle saw a significant drop in homes going under contract, with numbers falling more than 35% compared to the previous week. However, when looking at the two-week average, sales were only down by 5.4%. In contrast, SW Snohomish experienced a smaller decline in weekly sales—just 6% lower than the previous week—but its two-week average was down by 19%.
New listings surged in both areas last week, rising 36% in NW Seattle and an impressive 210% in SW Snohomish County. Despite this recent increase, the two-week average for new listings in both markets actually decreased. These fluctuations show that the market has been swinging back and forth from week to week, and it’s likely this pattern will continue throughout October.
Interest rates have remained relatively stable overall. Notably, Jumbo loan rates dipped below 6% for the first time in over a year. This drop may prompt some homeowners—especially those who purchased when rates were near 7% earlier in the year—to consider refinancing.
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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