Local Market Update – November 2020

The number of people who can work remotely may be changing the way we view our homes, but one trend has not changed. The local housing market in October remained unseasonably hot. And that doesn’t show signs of changing any time soon. October saw continued low...

Local Market Update – October 2020

While daily life may seem unpredictable, the local real estate market remains extremely stable. Activity in September acted more like the traditional peak spring market with home sales soaring and prices hitting record highs. Inventory remains very tight and new...

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...

Local Market Update – July 2020

While our lives are very different than they were a year ago, the local real estate market has recovered to 2019 levels. Record low interest rates are helping spur demand. Sales were up, home prices increased and multiple offers were common. The number of pending...

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...