We hope everyone had a lovely Easter Holiday weekend.
Inventory continues to climb in both NW Seattle and SW Snohomish County. In NW Seattle both new listings and homes going under contract were down this past two weeks. The Easter holiday may have had some effect on listing activity and the number of Buyers that were out. Homes going under contract were also down in SW Snohomish, but new listings were up.
If you’ve been paying attention to the news, you know that mortgage rates have been on a rollercoaster ride over the past few weeks. They had been trending down and had gotten down to 6% and then jumped up to 6.75% the week of April 7th. Rates are coming back down again as tariffs have been lifted on several countries. With the uncertainty in the market, we expect interest rates to remain volatile.
Even with the uncertainty and mortgage rate volatility, our local real estate market remains surprisingly strong. Obviously, we are affected by what is happening nationwide, but the Greater Seattle region does tend to be somewhat insulated. We have a diverse economic base and are not too heavily one-industry reliant like other parts of the country. Our diverse economy has served our region well over the years!
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 HILL
Broker | REALTOR®
CELL 206-769-9577
SANDRA BRENNER
Managing Broker | REALTOR® | MCNE | SRS | CRS®
CELL 206-271-7100
WINDERMERE REAL ESTATE / NORTHWEST
311 N 85th St
Seattle, WA 98103
MAIN (206) 527-5250
brennerhill.com
Equal Housing Opportunity
