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In the next few weeks and months, one of the main data points we will be watching is review dates. Reminder, the more robust the market the more review dates we will see. Review dates remained steady over the past two weeks. Most traditional homes have review dates, while most townhomes do not. When the number of townhomes with review dates increases, then you’ll know we are in a very robust Sellers’ market.
New listings dropped from the previous two weeks. This is due to the flood of new listings after the New Year, and now new listings are tapering off to a more typical rate. Looking back to the same period last year, we are down this year just slightly from last year.
Interest rates are still in the 6.75% to 7% range. As expected, the Fed did not reduce rates at the last Fed meeting at the end of January.
We hope you all have a lovely Presidents Day weekend! We will be back in your inboxes on February 24th.
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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
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WINDERMERE REAL ESTATE / NORTHWEST
311 N 85th St
Seattle, WA 98103
MAIN (206) 527-5250
brennerhill.com
Equal Housing Opportunity