Market News

Market News Q2 2021 Western Washington Real Estate Market Update The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Real Estate agent.   […]
Market News Matthew Gardner: What You Should Know About Today’s Real Estate Market by Matthew Gardner Understanding the housing market is a matter of analyzing its many data sets. In a recent piece for Inman News, Windermere Chief Economist Matthew Gardner offered his perspective on recent U.S. pending sales, new-home sales, and existing-home sales figures. If you’re involved in the housing market, and I assume that most of […]
Market News Q1 2021 Western Washington Real Estate Market Update The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Real Estate agent.   […]
Regional Market Updates LOCAL MARKET UPDATE – FEBRUARY 2021 This winter’s real estate market is looking more like a typical spring market. Sales were up, competition was fierce and prices continued to rise. Lack of inventory still presents a huge issue. At the end of January there were only 1,055 single-family homes on the market in all of King County, 33% fewer than a […]
Matthew Gardner Report Q4 2020 Western Washington Real Estate Market Update The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere agent.   REGIONAL ECONOMIC […]
Regional Market Updates LOCAL MARKET UPDATE – JANUARY 2021 The end of 2020 marked a most unusual year, and the real estate market was no exception. While homes sales usually take a holiday during December, this year saw the continuation of an exceptionally strong and competitive market. New listings, closed sales and home prices all went up. With supply nowhere close to meeting demand, […]
Regional Market Updates Local Market Update – December 2020 Nothing about 2020 is normal, and that includes real estate trends. The housing market typically slows significantly during the holiday season, but that is not the case this year. Buyer interest is strong, sales are up, and prices have followed suit. A recent report ranked our area as the most competitive real estate market in the country, […]
Matthew Gardner Report Matthew Gardner’s 2021 Housing Forecast Throughout 2020, mortgage rates hit historic lows, largely due to the impact COVID-19 had on the housing market. These low rates drove already high demand for housing even higher, and Gardner does not predict mortgage rates will rise significantly in 2021. His current forecast sees mortgage rates dropping to their lowest rate in the current […]
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Regional Market Updates Local Market Update – November 2020 The number of people who can work remotely may be changing the way we view our homes, but one trend has not changed. The local housing market in October remained unseasonably hot. And that doesn’t show signs of changing any time soon. October saw continued low inventory and record-level sales, with the number of sales […]
Matthew Gardner Report The Gardner Report – Third Quarter 2020 The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please reach out anytime. REGIONAL ECONOMIC OVERVIEW Employment numbers in Western […]
Regional Market Updates LOCAL MARKET UPDATE – OCTOBER 2020 While daily life may seem unpredictable, the local real estate market remains extremely stable. Activity in September acted more like the traditional peak spring market with home sales soaring and prices hitting record highs. Inventory remains very tight and new listings are selling quickly in every price range. There just aren’t enough homes on the […]
Regional Market Updates LOCAL MARKET UPDATE – SEPTEMBER 2020 August saw the lowest number of homes for sale in more than 20 years and the lowest mortgage rates on record. Sparse inventory and high demand pushed home prices to new highs. With pending sales outpacing new listings, inventory continues to shrink. King and Snohomish counties each have about a two-week supply of available homes.  […]
Regional Market Updates LOCAL MARKET UPDATE – AUGUST 2020 While the pace of daily life may seem slow right now, the local real estate market has had an unusually busy summer. The number of new listings in July was up, sales increased, and home prices followed suit. • While overall inventory is at historic lows, more sellers put their homes on the market. New […]
Matthew Gardner Report Western Washington Real Estate Market Update Q2   The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please reach out anytime!   REGIONAL ECONOMIC OVERVIEW It appears […]
Market News LOCAL MARKET UPDATE – JULY 2020 While our lives are very different than they were a year ago, the local real estate market has recovered to 2019 levels. Record low interest rates are helping spur demand. Sales were up, home prices increased and multiple offers were common. The number of pending sales, a measure of current demand, was higher in June than for […]
Market News WINDERMERE INSIGHTS: HOW LOW INVENTORY IS INFLUENCING THE MARKET The local real estate market is recovering so well from the statewide shutdown that it may soon have a hard time keeping up with itself. While active listings are being snapped up by assertive buyers, new inventory is being added at a relative snail’s pace. May and June have seen so much homebuyer demand that […]
Market News REOPENING REAL ESTATE, THE RIGHT WAY As King County enters Phase 2 of reopening, residential real estate services providers must follow a strict set of rules. These control how brokers may conduct business inside and outside their offices and homes for sale (listings). Windermere has developed protocols for reopening that meet or exceed all of the state requirements. From the beginning […]
Regional Market Updates LOCAL MARKET UPDATE – JUNE 2020 As we move to the next phase of reopening, life feels like it’s slowly inching back towards normal.  The same is true in real estate. Statistics on home sales in May provided the first true picture of the effects of COVID-19. Those reports confirmed the incredible strength and stability of the local real estate market. […]
Market News A Guide to Mortgage Assistance During COVID-19 Image Source: Shutterstock   For some homeowners who have been financially impacted by the COVID-19 pandemic, there is a high level of concern about paying their mortgage. Fortunately, there are options to aid struggling homeowners from governments, financial institutions, and loan providers. The following information is intended to provide clarity on which financial relief options are […]
Market News SEATTLE POISED FOR FASTER RECOVERY THAN MANY OTHER CITIES It may feel like a tired refrain after nearly two months of quarantine, but it remains true: it’s still too early to truly tell the toll COVID-19 will take on our economy — both locally and nationally — until we are able to fully reopen and jumpstart  area businesses. Thanks to our diversified economy, strong […]