Local Market Update – September 2020

August saw the lowest number of homes for sale in more than 20 years and the lowest mortgage rates on record. Sparse inventory and high demand pushed home prices to new highs. With pending sales outpacing new listings, inventory continues to shrink. King and Snohomish...

Local Market Update – August 2020

While the pace of daily life may seem slow right now, thelocal real estate market has had an unusually busy summer. The number ofnew listings in July was up, sales increased, and home prices followedsuit. • While overall inventory is at historic lows, more sellers put...

Seattle Ranks as 9th Best City Worldwide for Startups

Seattle has long been home base to big tech businesses like Amazon and Microsoft, but the city is increasingly a haven to smaller startups and spin-off companies as well.  Recognizing the city’s potential for hosting successful startups, think tank Startup...

How Low Inventory is Influencing the Market

The local real estate market is recovering so well from the statewide shutdown that it may soon have a hard time keeping up with itself. While active listings are being snapped up by assertive buyers, new inventory is being added at a relative snail’s pace. May and...

Local Market Update – June 2020

As we move to the next phase of reopening, life feels like it’s slowly inching back towards normal. The same is true in real estate. Statistics on home sales in May provided the first true picture of the effects of COVID-19. Those reports confirmed the incredible...

Seattle Poised for Faster Recovery than Many Other Cities

It may feel like a tired refrain after nearly two months of quarantine, but it remains true: it’s still too early to truly tell the toll COVID-19 will take on our economy — both locally and nationally — until we are able to fully reopen and jumpstart  area...