It’s always hard to tell how a long holiday weekend will affect the real estate market. Listings are typically down, but often Buyers take advantage of the long weekend for house hunting. However, this year Buyers seem to have taken a holiday from house-hunting. Homes going under contract are down from the previous two weeks.
New listings were down the week ending May 26th, but were back at normal levels this past week. Sellers got the memo that the holiday was over, hopefully Buyers will get that message this week!
Interest rates are still hovering in the upper 6s. Obviously we would all love to see rates come down. Smart Buyers will purchase now, and then refinance when rates drop.
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 / GREENWOOD
311 N 85th St
Seattle, WA 98103
MAIN (206) 527-5250
brennerhill.com
Equal Housing Opportunity
