Remove 2012 Remove Buyers Remove Contracts Remove New Listings
article thumbnail

Buyers showing renewed interest in condos

Housing Wire

That’s quite the contrast from back in 2012, when Redfin reported that condos were selling for more than 4% below asking price. “Many buyers who have been priced out of the market for single-family homes have turned to condos,” Fairweather said. And the biggest benefit of condo living is the more affordable price.”

Buyers 424
article thumbnail

Shrinking Number of New Listings Slows Seattle/King County Housing Activity

Will Springer Realtor

The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 new listings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. between May 2007 and January 2012. Where are all the sellers?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

King County Home Buyers and Sellers in ‘Re-Evaluation’ Mode

Will Springer Realtor

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690). on the Eastside. The county saw a 4.9%

Sellers 60
article thumbnail

Connecticut 2023 Year in Review

Lamacchia Realty

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. This report analyzes sales, average prices, the number of active listings, and listings under contract for 2023 compared to 2022. Average Prices Increase by 7.1%

article thumbnail

HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s Buyers with the deepest pockets may wait, however. home buyers. Yes, buyers and sellers, we are in a rare price correction period for single-family home sales in King County.

Buyers 36
article thumbnail

Economic Turbulence Prompts Seattle Area Market Concern vs. Year Ago

Will Springer Realtor

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Notably, there are 185% more listings available today across the Eastside of the county compared with February 2022.

article thumbnail

King County Housing Market Stumbles to 2022 Finish Line

Will Springer Realtor

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. Homes going under contract (Pending sales) dropped 25% from the previous month and by 30% year-on-year (YoY) – staggering drop-offs. news publishers.