Market Updates

Sept. 20, 2019

Market Update: August 2019

Seattle's Housing Market at a Glance

     Summer is coming to an end and there are many trends and opposing factors that are competing to change the direction of the real estate market.  Many of you now, the Federal Reserve lowered its benchmark interest rate on July ...

View More
Posted in Market Updates
Aug. 16, 2019

Market Update: July 2019

Seattle's Housing Market at a Glance

We started our recovery in June 2009 and this month it has become the longest economic expansion in the nation's history.  I mean, can you believe it's been 121 months of gross domestic product growth?!  This month, we surpassed ...

View More
Posted in Market Updates
July 19, 2019

Market Update: June 2019

Seattle's Housing Market at a Glance

For June, most everyone expected the Federal Reserve wouldn't change the target range for the federal funds rate (currently it's 2.25% to 2.5%).  We know the economy is doing well because people are employed and spending money on ...

View More
Posted in Market Updates
June 21, 2019

Market Update: May 2019

As you know, I like to look at all of the numbers every month, so I can give you a better idea of how the housing market is moving.  It's my hope that it'll give you the information needed to make a more informed decision.  When ...

View More
Posted in Market Updates
May 17, 2019

Market Update: April 2019

ALERT-Jan 2020 RE Excise Tax Changes

ALERT New formula for real estate excise tax calculations beginning January 1, 2020

CHANGES COMING JANUARY 2020 The Washington State Legislature is changing the way in which real estate excise taxes (REET) are calculated.

Currently, the Washington state excise tax is 1.28 percent. Local municipalities add their excise tax ...

View More
Posted in Market Updates
April 12, 2019

Market Update: March 2019

2019 Cherry Blossoms at UW in Seattle.jpgMany of you know, I'm a walker and a flower lover.  Previewing homes and walking to open houses this Spring has been a joy.  Even the National Association of Realtors has been telling us that foot traffic is up.  If you're looking for flowery things ...

View More
Posted in Market Updates
March 8, 2019

Market Update: February 2019

When I'm out in the field I get these three questions a lot:

Q. Do you think I should purchase a condo, because the price per square foot is lower?

A. Condos generally cost more money when looking at the price per square foot. Here's what February 2019 ...

View More
Posted in Market Updates
Feb. 8, 2019

Market Update: January 2019

Historical Days on Market in January 2019Though I generally walk everywhere, I see the roads are slick all over Seattle and loved it when my general manager called a snow day, before the snow started to stick.  So, we know why there aren't very many homes on the market in King County, right?  ...

View More
Posted in Market Updates
Jan. 12, 2019

Expected Time on Market in King County

Today, in King County Washington, The current expected time for a home to be on the market, before it gets an accepted offer is 9 days:

Expected Time on Market in King County

View More
Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...

View More
Posted in Market Updates