Thank God the stock market bounced back a lot in March. Bummer part is, COVID-19 continues to disrupt the economy. According the the US Department of Labor, in just four weeks, over 20-million people filed unemployment claims. With that said, over the past month real estate has slowed down significantly.
It's been exciting on my end, because I like numbers and the analytics are showing me good things. Oddly enough, my 3d tours for listings, even the ones that sold years ago, are getting a large amount of views. My favorite clients and new ones too, call to talk about the real estate market and to plan for the future. I'd dare to say, the whole world had to hit the pause button and when we press play again, things are going to get very busy. I'm ready to work, live and play already. I know there are a lot of people that feel the same as me.
For my active clients looking to sell their home, I love the numbers this month. Your values went up slightly, and if you're thinking about selling, you won't have to spend a long time on the market.
I know, I know... The numbers, right? Here you go:
Seattle's Housing Market at a Glance
For the Central Puget Sound:
King, Kitsap, Pierce and Snohomish Counties
- Closed Sales decreased 31.0% for Residential homes and 38.9% for Condominium homes.
- Pending Sales decreased 28.4% for Residential homes and 42.6% for Condominium homes.
- Inventory decreased 29.0% for Residential homes and 18% for Condominium homes.
- The Median Sales Price increased 6.9% to $540,000 for Residential homes and 4.7% to $392,750 for Condominium homes.
- Days on Market decreased 41.2% for Residential homes and 45.2 for Condominium homes.
- Months Supply of Inventory decreased 31.3% for Residential homes and 17.6% for Condominium homes.
If you have a little time on your hands, you might like to check out one of my previous posts? You can find them here: www.vivaseattle.com/blog
OK! Here's my personal share time with you. Please share with me too? Call me up and tell me your future real estate plans and update me on your life. I'm ready when you are!
1ST PHOTO: Over the past few months, Zoom calls have been the one of my only ways to socialize with friends and family. I sent this costume happy hour photo to my dad and father-in-law via text. So you know, my (father-in-law) Papa Russo, is an old school Sicilian guy. About an hour after sending the text, I got a phone call from my dad laughing hysterically. He said, "Your Papa Russo just called and wanted to know why my daughter was dressing his son up in demon costumes and taking photos?" Turns out they had a great time talking about what a Zoom call is. You know, my father-in-law doesn't own a computer, and he still has a flip phone!
2ND PHOTO: My cousin lives in Ballard and doesn't get to hear all of the cheering @ 8p every night in Belltown, so I keep her apprised. She sent me this photo of herself at work. She's a general surgery nurse and was cross-trained for COVID. She's the reason we do our woo-hoo yell every night.
3RD PHOTO: Inspired by the thought of not having to straighten my hair every day. I embraced the idea of letting my natural curl take over, and I cut my own hair!! I sat down and did a massive amount of Pinterest and YouTube research before I made the first cut. I must say, I think it came out really well. Stay tuned. I'm going to take new profile photos too. *eee*