Seattle Real Estate

Northwest MLS MarketTransactions across the Northwest MLS, have been down the last two years.  For example, during the 5 years between, 2017 and 2022, the average of number of sales in February was 5,426 .  Furthermore, the least amount of sales transactions during that time was in February 2019 ...

Transactions PlummetTransactions across the Northwest Multiple Listing Service, the largest in Washington State, that includes Seattle real estate has seen the number of transactions drop significantly.  Real estate deals are down 18% from a year ago and 47% from two years ago.  Sales were unusua...

Overall Greater Seattle Real Estate MarketThe Greater Seattle real estate market is part of the Northwest MLS.  Pending Sales in August were down 25% across the NWMLS, but the median price In August was the same as July ($615,000) and actually higher than the previous year ($600,000).  Prices rem...

First A Look Back at Seattle Real Estate 2022The first half of 2022 was a record period, but the market finally cracked under the pressure of rising interest rates starting last June.  In 2022, the NWMLS median price peaked in May at $660,000, and declined every month afterwards.  For instance, J...

Is it wise to buy a house in Seattle now?It is a complex question that you really should speak to a Seattle real estate broker about, but...the simple answer is yes!  Prices peaked across the NWMLS (26 counties in WA State) in the May of 2022 (median price of $660,000).  However, as the interest ...

Median Homes Price continues to increase every month in 2023.  The King County median home price has increased from $781,098 in January to $875,000 in April.  Prices are lagging behind last year when interest rates were much lower, but, now with four months of data, there is a definite trend of i...

Is it a good time to buy Seattle real estate?  The NWMLS, including the Greater Seattle real estate market, has seen some positive signs for both homebuyers and homeowners.  For instance, at the end of February there was 1.7 months of housing supply across the NWMLS.  Traditionally, 4 to 6 months...

Has the Seattle real estate market improved?  Seattle is part of the NWMLS.  While pending sales across the NWMLS are still down 9% from last January, the market has shown resilience to begin 2023.  For example, pending sales in January are up 44% over December.  In addition, prices in January ar...

2022 started out the year with both historically low interest rates and record low inventory.  This created a very hot (seller’s) market across the NWMLS and the Greater Seattle condo market.  For example, 2021 ended with the Freddie Mac 30 year fixed rate of 3.05% and NWMLS had 0.40 months of ho...

The NWMLS and greater Seattle real estate market changed over the course of the year.  2022 started with a very hot (sellers’) market with both historically low interest rates and record low inventory.  For example, 2021 ended with the Freddie Mac 30 year fixed rate of 3.05% and NWMLS had 0.40 mo...