No surprise, the Seller’s Market in NW Seattle and throughout the entire region continues to be super-hot! This past week in NW Seattle we had 49 new listings hit the market and 94% of those had review dates. We started tracking this data point (review date) mid-November 2020. 94% is the highest we have seen in those 16 months. When Brokers feel more confident of a Seller’s Market and the possibility of multiple offers, this number goes up.
Another key metric we like to track is the number of days a home is on the market before it goes Pending. The average days on market for homes going pending over the past 4 weeks has been 6.5 days. Again, that is really low. Looking at the same 4-week period in 2021, the average days on market were 20. For the past 4 weeks 88% of the pending listings were under contract in 9 days or less. Unfortunately, we didn’t start tracking this data point until mid-March of last year so I don’t have a comparison for the exact same time period. However, from mid-March to mid-April last year, 83% of homes were under contract in 9 days or less.
We hope you have a great St. Paddy’s Day. As of Saturday, you can drink your green beer without your mask handy. We say, drink up, have fun, but still stay safe!
-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!
Steve 📲 (c) 206-769-9577 📧stevehill@windermere.com
Sandra 📲 (c) 206-271-7100 📧sbrenner@windermere.com
🔗 Brennerhill.com
Windermere Real Estate /FN
