Inventory levels continue to come down in both NW Seattle and SW Snohomish County. Interest rates also continue to come down and we are all hopeful that this trend continues. Homes going under contract were up by 14% in SW Snohomish, but down by nearly 9% in NW Seattle. It looks like Seattle Buyers did not get the memo that interest rates have dropped dramatically in the past few weeks!
It was not a surprise to see that new listings were down in both markets. I would assume that we should see an uptick of new listings after the Thanksgiving holiday. It was also not a surprise to see that review dates were down dramatically in both markets from the previous week. Brokers were not expecting the week before a holiday to be a buzz with Buyer activity. In both markets, roughly 90% of the homes currently available for sale have been on the market for over 10 days. This upcoming week could present some buying opportunities for the diligent Buyer, since most other Buyers might be taking the holiday week off from house hunting.
We hope you all have a fabulous 🦃 Thanksgiving Holiday week!
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
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