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November Housing Update

Will Springer Realtor

Among all home types in King, new listings have fallen 26% in the past month and existing homes for sale at the start of November were down 8.1% Active listings for single-family homes are up 159% in King YoY, up 86% in Seattle and 425% on the Eastside. But the number of new listings in the county is down 18% in the same period.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Except for the pandemic year of 2020, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. The figure was 37% lower than a year ago and, for context, the five-year average of new listings for the month just before the pandemic began was 4021.

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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

New owners here spend an average of $232.5K on first-year costs, including a 20% down payment, closing costs, monthly mortgage, insurance and property taxes. The few homes that are available are selling quickly and at or above list price.” fewer new listings, the number of sales rose 1.7% While there were 5.8%

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