Real Estate Market Updates & Insight

Statistics on the real estate market

For Buyers September 2022 Real Estate Market Update After its breakneck pace over the last two years, it appears the housing market has finally reached a soft bottom to the price corrections that began in April of this year. Reports that we’re entering a bear market are generally exaggerated, however, as the market seems simply to be resetting to a more balanced state […]
For Buyers August 2022 Real Estate Market Update The summer continues to heat up, and patient buyers are being rewarded as market shifts create a new dynamic between buyers and sellers. After years of intense competition between buyers for the most desirable listings, increasing inventory and slower price appreciation across the region have caused a pivot, with sellers competing more strongly against each […]
For Buyers Q2 Western Washington – The Gardner Report The following analysis of the Q2 2022 Western Washington real estate market report is provided by Windermere Real Estate Chief Economist, Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact Kari Haas. Regional […]
For Buyers July 2022 Real Estate Market Update Cooler temperatures and a cooler regional real estate market have been this summer’s hallmark thus far. After months of blazing hot sales and a breakneck pace, buyers are finally seeing inventory levels accelerate and price gains slow. With inspection and financing contingencies once again becoming the norm, the region may, at last, be shifting toward […]
For Buyers June 2022 Real Estate Market Update Windermere just released the market statistics from May, so let’s review what’s happening in the real estate market. The tides of our local real estate market may, at last, be shifting, as buyers find relief in increasing inventory and the frenetic pace of sales slows noticeably. At the end of May, inventory across the 26 […]
For Buyers May 2022 Real Estate Market Update After a long stint of suppressed housing inventory across our region, buyers may, at last, have more options as the supply of available homes ticks up ahead of the summer market. The month-over-month increase in inventory has been as much as 50% in some areas, offering renewed opportunities for those buyers who are not dissuaded […]
Kari's Blog April 2022 Real Estate Market Update The spring market continues its frenzied pace, with soaring prices and stiff competition testing the resolve of buyers. Despite these obstacles and rising mortgage rates, inventory remains low across King County, as pending sales keep pace with new listings, demonstrating a strong demand from buyers. Continue reading for the April 2022 real estate market update. […]
Kari's Blog March 2022 Real Estate Market Update What’s Happening in the Market In the March 2022 Real Estate market update, we head into the traditionally busy spring season for homebuying, the market seems to be keeping up its intense pace, with low inventory across the board and multiple offers the norm. A marginal increase in listings across King and Snohomish counties has […]
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Kari's Blog February 2022 Real Estate Market Update What’s Happening in the Market In this February 2022 real estate market update, we see that the local market in January looked a bit like the calm before the storm. Home prices took a pause from the frantic surges of last year, but if the sales we’ve seen in the last few weeks are any […]
Kari's Blog January 2021 Real Estate Market Update What’s Happening in the Market In this January 2021 real estate update we see record-low temperatures combined with record-low inventory put a chill on housing activity in December. With very few homes available to buy, sales were down. Lack of supply and high demand continued to push prices up. Since the winter months historically bring […]
Real Estate Market Updates & Insight December 2021 Real Estate Market Update What’s Happening in the Market While the housing market typically slows down in the winter, fewer buyers are taking a break this year. High demand and scant inventory still favor sellers, who continue to see multiple offers. In one bright spot for buyers, home prices – while up from over a year ago – appear […]
Real Estate Market Updates & Insight November 2021 Real Estate Market Update What’s Happening in the Market As we head towards the end of the year, the housing market traditionally slows down. As a matter of fact, this year’s activity was even slower than normal, with record-low inventory and correspondingly fewer sales. What’s happening in the market now? At this point, prices aren’t appreciating at the pace […]
Real Estate Market Updates & Insight The Gardner Report – Quarter 3   The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Real Estate agent. […]
Real Estate Market Updates & Insight October 2021 Local Real Estate Market Update What’s Happening in the Market We had a rise in listings in September, but that didn’t stop the inventory from being tight. With a large buyer demand, shortage of homes for sale, and low interest rates, the prices remained higher than the last year. However, as we head into the holiday season, we tend to […]
Real Estate Market Updates & Insight September 2021 Local Real Estate Market Update   As the seasons get chiller, according to Windermere Chief Economist, Matthew Gardner, so are the prices in this market with the median listing prices and sales prices in August even the slightest bit lower than in the month prior. In the most recent local market update, Gardner has even said that he believes “that […]
Real Estate Market Updates & Insight August 2021 Local Real Estate Market Update Local Market Update As the temperature went up, so did the number of homes on the market. With more homes and fewer multiple offers in comparison to last year, we’re starting to see even the slightest ease in this competitive market for buyers. While there was a small increase in homes for sale in July, […]
Real Estate Market Updates & Insight July 2021 Real Estate Update With the slight spike in the amount of listings in June, it seemed as though there may have been the smallest glimpse of hope for homebuyers. However, it’s still hard to predict whether this trend will continue. Despite the slight spike the inventory is still less than the demand, and our beloved Puget Sound region […]
Real Estate Market Updates & Insight June 2021 Real Estate Update May was a record-breaking month for the real estate market. Inventory hit all-time lows, and home prices reached record highs. With the supply of homes so tight, this sizzling seller’s market is expected to continue throughout the summer. High demand hammered inventory in May. While the number of new listings increased, homes sold within days, […]
For Buyers April 2021 Real Estate Update Despite a bump in new listings the supply of homes still can’t keep up with the demand. The result? Multiple offers, escalation clauses, and record-breaking prices. If you’re considering selling your home, you’d be hard pressed to find a more lucrative market than what we have today. March marked the first post-COVID/pre-COVID comparison, and the […]
Real Estate Market Updates & Insight March 2021 Real Estate Update Neither the snowstorm nor the increase in mortgage rates dampened buyer demand in February. Lack of inventory continues to be a frustration as there are way more prospective buyers than there are homes for them to buy. As a result, prices continued their upward climb. While the number of homes for sale edged up, it […]