The market continues to be strong for sellers in both NW Seattle and SW Snohomish County, with the vast majority of homes selling in under 10 days. More and more homes are selling above list price with multiple offers. In NW Seattle 44% of the closed homes in the past two weeks sold at an average of 108.2% of the list price. We saw similar results in SW Snohomish County with 52% of closed sales selling at an average of 107.2% of the list price.
Interest rates have been coming down for the past few weeks which is helping out our market. Conforming rates are down 3/8 point from two weeks ago and Jumbo rates are down 1/4. Obviously this is welcome news for everyone! There is still talk of a Fed rate cut, but that is not expected for the next Fed meeting in March.
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
