As expected, new listings jumped last week as many homeowners returned from the holiday. However, buyers have been slower to re-engage—pending sales in Northwest Seattle dropped nearly 19% over the past two weeks, while Southwest Snohomish County slipped less than 10% during the same period.
One bright spot for sellers: the average sold price per square foot in Northwest Seattle increased 4% over the previous two weeks. However, since mid-June, the price per sq/ft has been below $600. Similar history for SW Snohomish County, since the end of June we have not been above $500 sq/ft.
The biggest news for sellers is the decline in mortgage interest rates. Rates are now at their lowest level since last October, and with recent economic data pointing towards a likely Fed rate cut, lending conditions may soon become even more favorable for buyers. This shift could create renewed demand for well-prepared homes on the market.
At Brenner Hill Real Estate, we specialize in helping sellers navigate changing market conditions with the right pricing strategy, professional marketing, and full-service preparation to maximize your home’s value. If you’re considering selling in Northwest Seattle, Southwest Snohomish, or the Eastside, now is the time to position your property for success.
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
Equal Housing Opportunity