It is not a surprise that both new listings and homes going under contract are down for the past two weeks. The Thanksgiving holiday took a lot of people out of the market temporarily. Even with the holiday there were still a decent number of homes that went under contract. This helped our inventory levels in both NW Seattle and SW Snohomish come down.
The great news for both Buyers and Sellers is that interest rates continue to come down. We are now down over a full point from the height in late October. This makes a huge impact on a Buyer’s monthly payment and overall purchasing power. Hopefully this trend will entice more Buyers back to the market. If rates keep coming down, buyers who bought earlier this year may be able to refinance those higher mortgages.
If you are thinking about buying or selling next year, we have two great classes coming up – our Home Buying Seminar on Saturday, January 27th and our Home Selling Seminar on Thursday, February 8th. Click on the links to learn more!
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® | Luxury Advisor | Premier Director
CELL 206-769-9577
SANDRA BRENNER
Managing Broker | REALTOR® | MCNE | SRS | CRS®
CELL 206-271-7100
WINDERMERE REAL ESTATE / FN
12250 Greenwood Ave N
Seattle, WA 98133
MAIN 206-367-4720
brennerhill.com
Equal Housing Opportunity
