Will Springer Realtor

AUGUST 15, 2023

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. The market has, ahem , evolved in the four years since. monthly decline in available Seattle listings (793). on the Eastside.

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Sellers Buyers New Listings Inventory 58

Will Springer Realtor

JUNE 11, 2024

The June 1 figure is the highest of any month since October 2022 (4222) and the most for the date since 2019 (5629). The single-family-home category – which includes townhomes – shows a 25% climb in new listings (3198) from April and a 33% rise year-on-year (YoY), and many of those homes remain on the market.

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Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer new listings, the rate of sales rose 1.7% times more than at the end of 2019.

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Finance Inventory Construction Buyers 67

Will Springer Realtor

OCTOBER 11, 2023

rose 11% this year, according to The Wall Street Journal (paywall), as housing costs and evictions triggered people to lose their homes despite record funding to combat the issue. King County acknowledged receiving a little under $1B in federal aid for homelessness and housing since 2019, yet the local homeless rate rose 14% this past year.

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Will Springer Realtor

APRIL 9, 2024

Despite a challenging financing environment, the Seattle/King County housing market is moving forward. New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. above the list price.

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Marketing Inventory Buyers Sellers 59

Will Springer Realtor

JULY 13, 2023

urban centers remain mostly higher than in 2019. The national office vacancy rate stands at 16% through March , up from 11% at the end of 2019 – just before life changed for you, me and the world. Check out my blog post on the topic. New single-family-home listings rose 3.8% New single-family-home listings rose 3.8%

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Construction Supply Chain Real Estate Development 36

Will Springer Realtor

JULY 11, 2023

The Seattle/King County housing market inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% up 5% from May.

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Housing Market Buyers Inventory Real Estate 36

Will Springer Realtor

AUGUST 11, 2023

Click to expand any image or graphic from my newsletters and blog posts.) Housing shortages have helped keep home prices and rents high across the country. The price of new construction has jumped, too; the National Association of Home Builders estimates costs have risen about 35% since 2019. counties are in our region.

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Will Springer Realtor

MARCH 14, 2023

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” Portland, Ore.,

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Marketing Buyers Inventory Sellers 36

Listing Spark

MARCH 9, 2023

But as potential buyers and sellers begin mapping out their plans for the future, understanding how the state’s real estate market is shifting is essential. this may feel like a buyer’s market due to the sharp increase in such a short period of time. Also a less drastic change than other markets. Average price : rose 1.5%

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Real Estate Marketing Inventory Sellers 36

Will Springer Realtor

JUNE 13, 2023

It’s the bacon and eggs of the housing market – two staples that are often linked to one another. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. In March, 33% of homes listed for sale in the U.S. in Seattle.

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Buyers Inventory Construction Finance 36

Will Springer Realtor

SEPTEMBER 8, 2021

It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). The good news comes from major national builders who have shared their forecasts for growth in the coming years. Not “ Will the housing market crash?”

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Construction Inventory Buyers Real Estate 36

Will Springer Realtor

JUNE 8, 2021

I sometimes use a rollercoaster as a metaphor for the housing market – it has its ups and downs. We have seen dips in the market (anyone remember the Great Recession?) and strong climbs such as the pandemic-induced shock of rising single-family home prices amid a dearth of new listings. Stick with me on this!

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Buyers New Listings Marketing Inventory 36

Will Springer Realtor

MAY 12, 2021

The narrow area known as Westlake, just west of Lake Union (and, notably, close to Facebook, Google and Amazon offices), has seen the number of people aged 25-34 double from 2010 to 2019 and now comprise 52% of its residents. Icon is on a mission to change the way we house the homeless and others. housing market needs 3.8

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

AUGUST 9, 2021

America’s housing stock is in a dire situation. Shortages are chronic, housing prices skyrocketing. I have covered this topic both within the newsletter and on my blog and hear from people in real estate about their frustration over the lack of significant action. A surprising 3% used the time to build a new house.

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Construction Inventory Property Taxes Development 36

Will Springer Realtor

JULY 9, 2021

The National Association of Realtors® recently announced a new partnership with the LGBTQ+ Real Estate Alliance, a nonprofit that promotes homeownership and advocates for greater equality in housing. increase in single-family permits over 2019. >> JULY HOUSING UPDATE. On to new listings, and we start far away.

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Buyers Development Transportation Inventory 36

Will Springer Realtor

FEBRUARY 9, 2024

The figure is a 20% jump from 2019 and represents 43% of all city households, the sixth-highest total in the nation. At least 38 pieces of housing-related legislation were reviewed in January by House and Senate committee members, and we’re only halfway through this year’s session. Census Bureau. of resold properties. >>

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