Sorry, your blog cannot share posts by email. Inventory is way down from a year ago, and pending sales climbed to an all-time record high…, As we’re getting back into the swing of things, let’s check out the housing stats for the recently-completed month of August…. “We’ve had … SEATTLE -- The coronavirus pandemic and Gov. Get access to the full spreadsheets used to make the charts in this and other posts, and support the ongoing work on this site by becoming a member of Seattle Bubble. The Seattle real estate market forecast includes construction- just not for residential housing. Where can I buy a (real) Christmas tree in the Ballard ...Read more. The Seattle real estate blog - local real estate news in the Greater Seattle market: Home prices and trends in Seattle, on the Eastside, and across the Puget Sound region. King County saw the smallest drop, but was still down 38 percent. Median home prices were up in every single county from a year earlier. local real estate news, statistics, and commentary without the sales spin. Topics include home sales … Seattle is home to approximately 608,091 people and 507,408 jobs. In summary: It’s still a pretty terrible time to be a home buyer, across the entire Greater Seattle Area. Here’s what happened last month in the Seattle-area housing market: Home prices and pending sales fell slightly, but closed sales rose to the highest level ever seen during an October—over 3,000 sales.      SFH: 1,460 Every single county less than one month of supply in October. Also, don't miss the three-year monthly market trends for over 50 Seattle area Zip codes. Zillow has 1,973 homes for sale in Seattle WA. October market data from the NWMLS is available. Seattle real estate news, home price lookup, new homes for sale, real estate and land for sale If there is certain data you would like to see or ways you would like to see the data presented differently, drop a comment below and let me know. The biggest gains were in King and Snohomish Counties, which both saw closed sales increase 36 percent from a year ago. Seattle's VODI score before the … Get the latest real estate trends in Pierce County WA. Zillow also said the median home value in the Seattle metro area is $491,500, and is expected to rise 3.1 percent in the next year. Around the Sound: Still a dismal market for buyers everywhere, NWMLS: Strongest October ever for closed sales, “Affordable” home price shot up 33% in less than two years, Plunging mortgage rates held off a Seattle home price crash, NWMLS: Pending sales hit an all-time high in August, August stats preview: Plenty of demand, still so little supply, Case-Shiller Tiers: Low Tier Home Prices are Soaring, NWMLS: Strongest October ever for closed sales, Case-Shiller Tiers: Low Tier Home Prices are Soaring, Case-Shiller: Seattle Home Prices Up 6.5% from 2019 in July, The pandemic has sparked a massive seller’s market and big price spikes around Seattle. Seattle Real Estate Market Weekly Update - September 09, 2020 Here is our quick weekly update for the Seattle real estate market. Accessibility | Privacy Policy | Terms of Service | DMCA Notice | Listings Site Map | Site Map, Real Estate Websites by Sierra Interactive, Blue Ridge / North Beach Trends / December 2, 2020, Moving to Seattle? Between the 5th and 8th day of every month, this is where you will catch the real Seattle area real estate news as published by the Northwest Multiple Listing Service (NWMLS). There are multi-family and mobile homes for sale as well, but they only make up around 3% of the properties available on the market. Months of supply is just absolutely abysmal for buyers everywhere. Nov. 25, 2020 Seattle Real Estate Market Weekly Update - November 25, 2020 Even before the virus hit the region, it was quite evident that if the inventory crunches further, affordability will become a bigger issue in the Seattle real estate market in 2020, especially with homes in the lower tier.. In addition to information on the average price of Seattle real estate market listings, you'll also find info on the average days on market, the average price reduction, the average price of homes by bedroom, and other market data. See pricing and listing details of Seattle real estate for sale. (AP) — Professionals working in Montana's real estate market say sales of high-end properties have experienced growth in 2020 far beyond their expectations. The one tiny bright spot for buyers is that new listings are higher than they were a year ago in every county. Seattle Real Estate News October 2020: September home sales up while supply remains low. Not a computer generated guesstimate. Seattle Residential Real Estate News . Analysis: Seattle-area brokers lose $1M a day as housing market slows Area housing market in one sentence: 'What a difference a month makes' Slowdown to luxury real estate market … The Seattle housing market is very competitive. King County’s 13 percent increase was actually the smallest around the sound, while the largest price gains were in Island County. The “affordable” home price has shot up from $530,359 in November 2018 to an all-time high of $706,800 as of August. Real Estate. The current “affordable” home price in King County would have a monthly payment of $2,365…, It’s been quite a while since we’ve had a look at our affordability index charts for the counties around Puget Sound, so let’s have a look at those charts…, August market stats were published by the NWMLS on Friday before the holiday weekend. Homes in Seattle receive 4 offers on average and sell in around 8 days. Things are looking pretty similar all around the Puget Sound region—extremely low supply, high demand, and skyrocketing prices. However, active listings are down dramatically from a year ago in every county. Local News Woman stabbed to death; second unrelated stabbing reported in Seattle KIRO RADIO'S TOM KELLY DIGS DEEP INTO THE PUGET SOUND REAL ESTATE MARKET The King County median price of single-family homes rose over 10 percent year-over-year for the first time since May of 2018. In addition to information on the average price of Seattle real estate market listings, you'll also find info on the average days on market, the average price reduction, the average price of homes by bedroom, and other market data. Seattle Met's Real Estate section offers news and information about the market conditions in Seattle and neighborhood specific news and trends. © 2020 MySeattleHomeSearch. Here’s your October update to our “Around the Sound” statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties. KIRKLAND, Washington (October 7, 2020) – Northwest Multiple Listing Service brokers completed 10,175 sales transactions during September – the highest monthly volume since June 2018 when MLS members reported 10,072 closed sales. The biggest decline was in Island County (probably no surprise then that prices are up the most there), where listings fell by 60 percent from a year earlier.      Condo: 1,208, Snohomish County A close second, at 26.74% of the inventory, is condos and townhomes.      Condo: 81. We hope that this information may assist you with making better-informed real estate decisions. You can also view today's new properties for any neighborhood or subdivision. Housing Market; Homebuilders; Residential Real Estate Agencies; Senior Living; Related Topics . Seattle Property News Commercial Mortgage Lending in U.S. Down 34 Percent in 2020 Commercial and multifamily mortgage bankers are expected to close $395 billion of loans backed by income-producing properties in 2020, a 34 percent decline from 2019's record volume of $601 billion. Seattle Real Estate Market Trends 2019 On November 26, 2020 By Balmoon Seattle housing market august 2020 2020 housing market predictions realtor 2019 national housing california house s fall inflation seattle area home cooldown not Custom filtered email alerts for Seattle homes as they come on the market. Find your dream home in Seattle using the tools above. Seattle housing market continues to see low inventory and high competition making things hard for homebuyers. Seattle is a fairly walkable city in Washington with a Walk Score of 74. Everything you need to know about the Emerald City, Seattle one story homes currently for sale, Seattle open houses list for all Seattle listings. Related Topics. Find news updates on commercial projects, mortgage rates, developers, apartments, condominiums and other issues facing Tacoma's housing market. Closed sales were up across the board in every single county. Includes information on listings in the Seattle area as a whole as well as within individual neighborhoods and subdivisions in Seattle. Let’s take a look at our stats for the local regions outside of the King/Snohomish core. local real estate news, statistics, and commentary without the sales spin. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. King County Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Seattle homes for sale and real estate listings on an interactive map. Here are the October numbers. Seattle multifamily news.      Condo: 72, Pierce County MISSOULA, Mont. Most of the homes for sale in Seattle’s real estate market are single-family homes, which make up 63.63% of the inventory. Real Estate Seattle is among hottest U.S. housing markets — and prices are rising fast on the cheapest homes Sep. 29, 2020 at 7:36 am Updated Oct. 1, 2020 at 2:28 pm Seattle, for instance, was the U.S. first viral hot spot in March but its real estate has since rebounded. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. The company said there are about 5,800 homes for sale. Here’s the one sort-of bright spot for buyers: New listings are on the rise, especially in King County.      SFH: 405 SEATTLE - More and more people are seeking to sell their homes and move out of Seattle area, according to a newly released report.      SFH: 587 In addition to houses in Seattle, there were also 1250 condos, 698 townhouses, and 126 multi-family units for sale in Seattle last month. For further information about the housing market in your area, please don’t hesitate to contact your Windermere … This data is updated monthly. Jay Inslee's stay-home order is disrupting all walks of life and business, even having an impact on Seattle's real estate market. The average sale price per square foot in Seattle is $468, up 3.5% since last year. Read the latest news about residential and commercial real estate in the Seattle area and Pacific Northwest. All Rights Reserved. It's now possible to see how hard Covid-19 has hit the nation's commercial office market thanks to VODI, the new VTS Office Demand Index. Post was not sent - check your email addresses! (Zillow Photo) Real estate may feel the effect of COVID-19 until the end of 2021 — and possibly even longer. Market News Hawaii/Maui Real Estate Market Update The following analysis of select Maui real estate markets is provided by Windermere Real Estate Chief Economist Matthew Gardner. Zillow Group published its latest housing market … The pandemic may have upended the way realtors do business but the real estate market has not slowed down, said John Scott, CEO of John L. Scott Real Estate. Pierce and Thurston had the smallest gains at 18 percent and 15 percent, respectively. You can also view today's new properties for any neighborhood or subdivision. The average sale price of a home in Seattle was $747K last month, up 6.9% since last year.
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