The week following a 3-day holiday weekend is always a bit wonky. I had expected new listings to be up in both markets. They were up by 17.5% in NW Seattle, but down by 40% in SW Snohomish. Homes going under contract were down in both markets as I expected. Interestingly, in SW Snohomish both Buyer and Seller activity were down by the same 40%, which is why their ending inventory didn’t move much. In contrast, NW Seattle’s new listings were up and homes going under contract were down, which caused the inventory to rise by 10%.
Interest rates continue to come down which is fabulous to see! Of course, all eyes are on the next Fed meeting and anticipation of the first rate cut.
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
WINDERMERE REAL ESTATE / NORTHWEST
311 N 85th St
Seattle, WA 98103
MAIN (206) 527-5250
brennerhill.com
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