Local Market Update – July 2021

Local Market Update – July 2021

Is there finally hope for homebuyers? The number of listings rose slightly throughout the region in June, but it’s not clear if that trend will continue. Supply is still far short of demand, and the Puget Sound region remains one of the hottest housing markets in the...
Local Market Update – June 2021

Local Market Update – June 2021

May was a record-breaking month for the real estate market. Inventory hit all-time lows, and home prices reached record highs. With the supply of homes so tight, this sizzling seller’s market is expected to continue throughout the summer. High demand hammered...
Local Market Update – May 2021

Local Market Update – May 2021

A sizeable increase in new listings in April offered some good news for buyers, but it was matched by an even greater increase in sales. With supplies depleted, and homes being snapped up within days, nearly every area saw double-digit price gains. The current...
Local Market Update – April 2021

Local Market Update – April 2021

Despite a bump in new listings the supply of homes still can’t keep up with the demand. The result? Multiple offers, escalation clauses, and record-breaking prices. If you’re considering selling your home, you’d be hard pressed to find a more lucrative market than...
Local Market Update – March 2021

Local Market Update – March 2021

Neither the snowstorm nor the increase in mortgage rates dampened buyer demand in February. Lack of inventory continues to be a frustration as there are way more prospective buyers than there are homes for them to buy. As a result, prices continued their upward climb....
Local Market Update – February 2021

Local Market Update – February 2021

This winter’s real estate market is looking more like a typical spring market. Sales were up, competition was fierce and prices continued to rise.    Lack of inventory still presents a huge issue. At the end of January, there were only 1,055 single-family homes on the...