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Pending home sales surged in December: NAR

Housing Wire

month over month in December, according to the newest data from the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in November.

Contracts 445
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Eastside Residential Market Sees Big Gains in Sales, Prices

Will Springer Realtor

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. More on this in a moment.)

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Mostly Positive Start to 2024 Housing Activity in Seattle/King County

Will Springer Realtor

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. January offered a glimmer of hope as owners put 1875 of their King County homes on the market (single-family, townhome, condo combined). in Q1 2025 (6.3%) 5.6%

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Housing Data – Including Prices – Jump in Latest Market Review

Will Springer Realtor

Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. This is based on all homes on the market – single-family, townhome and condo – combined. Yun predicts as many as six to eight rate cuts by the end of 2025, possibly beginning as early as this September.

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High Financing Hurdles Lead to Low Housing Activity in Seattle/King County

Will Springer Realtor

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. Scary, indeed, but are these signs of a pending housing recession? There are 7.4% Sales inched 1.0%

Finance 68
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Will Springer Realtor - Untitled Article

Will Springer Realtor

today – may hold the keys (literally and figuratively) to the housing conundrum. Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. About three-quarters of the 459 residences are under contract with a target opening late this year.

HOA 36
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Expectations for 2023 in Seattle/King County Real Estate

Will Springer Realtor

By all measures, our region (and the rest of the country for that matter) experienced one of the worst six months (June-November) any housing market has seen in at least a decade. Yes, the great housing market reset is in full swing. In his estimate: “Homebuilding’s going to contract.”. in the first half of 2022.