Inventory levels are starting to creep up in NW Seattle. We currently have 161 homes for sale, which is the highest it’s been since the end of December. For the past four weeks, Buyers have not kept up with new inventory coming on the market. This is to be expected. We are entering the peak months (May & June) of new inventory. More Buyers are entering the market and overall, the number of homes going under contract has also been rising.
Interest rates are still the biggest concern for Buyers. They’ve come down from their highs of 6.75% in early March and have been bouncing between 6.125% and 6.375% since mid-March.
Right now, the market feels pretty stable, which is good news for Buyers and Sellers!
| During the Last 2 Weeks: | Previous 2 Weeks: |
| Inventory – 161 | Inventory – 139 |
| New Listings – 94 | New Listings – 93 |
| Under Contract – 80 | Under Contract – 83 |
| Sold – 63 | Sold – 59 |
| Price per Sq/Ft – $575 | Price per Sq/Ft – $561 |
-Steve & Sandra
𝐴𝑛𝑑 𝑎𝑠 𝑎𝑙𝑤𝑎𝑦𝑠, 𝑖𝑓 𝑦𝑜𝑢 ℎ𝑎𝑣𝑒 𝑎𝑛𝑦 𝑎𝑑𝑑𝑖𝑡𝑖𝑜𝑛𝑎𝑙 𝑟𝑒𝑎𝑙 𝑒𝑠𝑡𝑎𝑡𝑒 𝑞𝑢𝑒𝑠𝑡𝑖𝑜𝑛𝑠, 𝑓𝑒𝑒𝑙 𝑓𝑟𝑒𝑒 𝑡𝑜 𝑐𝑎𝑙𝑙/𝑡𝑒𝑥𝑡 𝑢𝑠 𝑎𝑛𝑦 𝑡𝑖𝑚𝑒! 𝑊𝑒’𝑟𝑒 𝑎𝑙𝑤𝑎𝑦𝑠 ℎ𝑒𝑟𝑒 𝑡𝑜 ℎ𝑒𝑙𝑝!
Brenner | Hill Real Estate
Steve 📲 (c) 206-769-9577 📧stevehill@windermere.com
Sandra 📲 (c) 206-271-7100 📧sbrenner@windermere.com
🔗 Brennerhill.com
Windermere Real Estate /FN
12250 Greenwood Ave N
Seattle, WA 98133
