Current Real Estate Market

What's happening in the current Real Estate market

Current Real Estate Market 8 Seattle Suburbs With the Biggest Price Increases This past year prices rose an average of 15.1% in Western Washington. However, price growth has not been evenly distributed either geographically or across price points. For example, consider these 8 Seattle Suburbs that had home price increases ranging from 30-100% year-over-year. Yes, you read that correctly: One of these areas actually DOUBLED in price […]
Current Real Estate Market Housing As an Employee “Perk” Wow! That is my reaction to the article below. Shocking, but a smart way to attract talent. This Florida employer bought two lots with plans to build homes for employees. They are offering the homes as a reward to two of their employees who will randomly drawn to win. This makes sense! Employees might be […]
Current Real Estate Market Top 10 Predictions for 2022 Last year we saw huge increases in home price appreciation. In Snohomish County, prices went up 22% overall in Snohomish County. Some areas saw even larger increases, especially on the eastside. To help you know what is coming this year, watch Matthew Gardner’s video here. For the condensed version of Matthew’s Top 10, here you […]
Current Real Estate Market Q4 Gardner Report for Western Washington The final Q4 numbers are in! Matthew Gardner’s analysis of the Western Washington housing market is complete. Here are some key highlights: The ratio of pending sales (demand) to active listings (supply) showed sales outpacing listings by a factor of 5.2. High buyer demand is putting upward pressure on prices. Home prices rose 15.1% compared […]
Current Real Estate Market Reasons to Sell your Home During the Holidays If you think selling your home during the holidays is a bad idea, think again! Here are 10 Reasons why it makes sense to sell now before inventory increases in the spring. To demonstrate what this video says, I recently listed a home for sale (on 12/16) in Shoreline. There was little else for sale […]
Current Real Estate Market Investors, Inventory, and the Home Purchase Market As you probably have probably heard, home inventory levels are at record low levels. There is a complex set of reasons why this has happened, some of them dating back to the housing crash of 2007+ when home builders went bankrupt and never came back. Recently, in Q3, more investors entered the housing purchase market, […]
Current Real Estate Market Interest Rates: History, Influences, Predictions Curious about mortgage rates? In this video, Matthew Gardner shares his perspective on how rates are set, what affects them, and where industry experts predict rates to go this next year. As a general rule of thumb, good financial news is bad for interest rates.…/10-25-2021-housing-and…
Current Real Estate Market Homeowner Equity Soars Here’s a great article by The Seattle Times that discusses homeowner equity gains over the past year. Key points: Home price appreciation is expected to slow this next year, CA, WA, and ID saw the biggest equity price increases this past year, and many who wish to purchase are finding it more and more difficult to […]
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Current Real Estate Market Monday with Matthew: How Do Buyers & Sellers Feel About the Housing Market? This week, Matthew discusses Fannie Mae’s “Home Purchase Sentiment Index” that discusses how buyers and sellers feel about the housing market. In a nutshell, the report says that currently most people do not think it is a good time to buy. Why? There are not enough homes available to purchase Rapidly rising prices are scaring […]
Current Real Estate Market Q2 2021 Western Washington Gardner Report Matthew Gardner, Windermere’s Chief Economist, shares second quarter 2021 housing statistics. To see his blog, click here.  Highlights from Matthew: Q2 Listing activity was 42.8% higher thanQ1 San Juan, King, Whatcom, and Snohomish counties saw significant sales increases Home prices rose 31.4% compared to a year ago. The average sale price was $734,567—another all-time record. […]
Current Real Estate Market Why Homebuyers Are Struggling in This Market Here is a great Forbes article that gives a nice overview of the challenges buyers (especially first-time home buyers) are having in today’s strong seller’s market. The buying strategies discussed are sound and common in our area. While this is great information, the author doesn’t mention the importance of communication. I cannot overstress the importance […]
Current Real Estate Market Monday with Matthew: Why Home Prices Have Risen So Much In this month’s episode of “Monday with Matthew,” Matthew Gardner digs into the data on inflation rates and mortgage payments to explain the significant increase in home prices over the past thirty years. He also discusses the topic of a housing “bubble.” Good stuff!!
Current Real Estate Market May 2021 Was Record Breaking This past month was one for the record books: Record increases in the median price year-over-year, record low inventory, and record low interest rates. It was (and still is) a “perfect cocktail” for sellers and a “perfect storm” for buyers. For a good article about the current Seattle real estate market, click the link below: […]
Current Real Estate Market May Housing Statistics The May 2021 housing numbers for the Northwest Multiple Listing Service have been crunched. My reaction? WOW!! The median price for a single family home increased 30% over May 2020. For a quick video featuring the highlights and further details, click here.
Current Real Estate Market Q1 2021 Gardner Report First quarter housing numbers are in! As you might expect, Western Washington continues to be a strong seller’s market and will likely remain so for the foreseeable future. Low interest rates, limited inventory, and pandemic-driven relocations are the biggest factors. Notice how San Juan and Island Counties topped the list for increased sales volume in […]
Current Real Estate Market Seattle Times Article: Buying a House in Seattle This is a decent article about buying a home in Seattle in the current intense seller’s market. The article does a good job discussing the challenges, potential pitfalls, and steps to successfully purchasing a home. While I don’t completely agree with some of the statistics (such as the % of homes that generate bidding wars), […]
Current Real Estate Market Second Home Considerations Are you thinking of buying a second home? With the recent gains in the stock market and in real estate values, many people are! Here are some things to consider before you take the leap. While it can be a potential source of passive income or a nice getaway, there can be added costs and […]
Current Real Estate Market Generational Housing Trends Millennials are now the biggest contingent of home purchasers ever. “82% of younger millennials and 48% of older millennials were first-time homebuyers, more than other age groups,” according to the National Association of Realtors. Gen Z is also entering the housing market and is now considered an active group of home buyers. Click here for […]
Current Real Estate Market Housing Tipping Point? This past year the housing market surprised a lot of us: Sales were brisk, prices rose, and interest rates hit record lows, fueling demand. Who would have predicted this during a pandemic? The winds of change may be blowing, however. This article discusses various factors that may point to an upcoming correction in the housing […]
Current Real Estate Market 2021 Housing Price Predictions Disclaimer: I don’t have a crystal ball. (Nobody does) That said, here is what the analysts at Realtor® Magazine are predicting in 2020: Home prices are expected to rise 5.7% Interest rates should creep up to 3.4% Sales of existing homes are likely to rise 7% For first-time home buyers and those on a budget, […]