Is The HOT Puget Sound Market Cooling?
REAL ESTATE NEWS!
New July numbers from the Northwest Multiple Listing Service confirm what brokers and home sellers throughout our region have been experiencing: the days of multiple offers and escalation clauses have past – at least for now.
Increased inventory, buyer fatigue, sky rocketing prices, and the traditional summer seasonal slow down have sent many buyers to the side lines. In Seattle and King County the number of homes on the market is at the highest level since the first quarter of 2015.
This steadily improving supply is finally creating opportunities for buyers but the market overall continues to favor sellers. More inventory is still needed to meet the demand for quality homes near job centers!
SW King County Housing Update
Easy Commute to Safeco
It’s only 12 miles from Normandy Park to Safeco field! That means less time in traffic and more time at the ballpark. Boom!
June Housing Update for South West King County
Des Moines Offers a Vibrant Condo Community
J
Just listed this beautifully updated downtown Des Moines condo with Puget Sound Views.
MLS# 1273697 List Price $495,000
Homebuyers Headed South
Many home buyers are being priced out of the Seattle market so they’ve headed South looking for more affordable housing options. Prices in many neighborhoods South of Seattle are rising faster than anywhere else in the region. Check out Burien’s median sale price increase for the first quarter.
Normandy Park Market Update
UW Cherry Blossoms – A Sure Sign Of Spring
March Housing Update
