Local Market Update – January 2022

Local Market Update – January 2022

Record-low temperatures combined with record-low inventory put a chill on housing activity in December. With very few homes available to buy, sales were down. Lack of supply and high demand continued to push prices up. Since the winter months historically bring the...
Local Market Update – December 2021

Local Market Update – December 2021

While the housing market typically slows down in the winter, fewer buyers are taking a break this year. High demand and scant inventory still favor sellers, who continue to see multiple offers. In one bright spot for buyers, home prices – while up from over a year ago...
Local Market Update – November 2021

Local Market Update – November 2021

As we head towards the end of the year, the housing market traditionally slows down. This year’s activity was even slower than normal, with record-low inventory and correspondingly fewer sales. Prices aren’t appreciating at the pace they were in the spring, but...
Local Market Update – October 2021

Local Market Update – October 2021

Despite a boost in new listings, inventory remained as tight as ever in September. The shortage of homes for sale combined with pent-up buyer demand and low interest rates kept prices high as compared to the same time last year. However, home prices over the past few...
Local Market Update – September 2021

Local Market Update – September 2021

Price appears to be cooling, according to Windermere Chief Economist Matthew Gardner. In King County, the median list price was lower in August than in July, and the median sales price also dipped slightly from the prior month. “I believe this is because we are...
Local Market Update – August 2021

Local Market Update – August 2021

The typical summer slowdown brought some good news for those looking to buy a home. While prices are still on the rise, there are more homes to choose from and multiple offers are down as compared to earlier this year. This easing, however, is slight, and the market...