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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 […]
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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 […]
Market News LOCAL MARKET UPDATE – MAY 2020 We hope you are weathering the new normal as best as you can. With everyone spending more time than ever at home, real estate has taken on a whole new importance. For those who are interested, here is a brief update on how COVID-19 continues to affect our local market: Business was better than expected […]
Regional Market Updates Coming Together For Our Neighbors in Need Every year for the past 35 years, Windermere Real Estate has closed its doors on the first Friday in June for its annual Community Service Day so that our 9,000-member team can head into our local neighborhoods and volunteer. This year, in light of COVID-19, we have made the decision to replace Community Service Day […]
Matthew Gardner Report THE GARDNER REPORT – FIRST 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 contact me anytime.   A MESSAGE FROM MATTHEW GARDNER […]
Market News LOCAL MARKET UPDATE – APRIL 2020 Windermere is focused on keeping our clients and our community safe and connected. We’re all in this together. Since the early days of COVID-19, our philosophy has been “Go slow and do no harm.” While real estate has been deemed an “essential” business, we have adopted guidelines that prioritize everyone’s safety and wellness. Like everything […]
Market News LOCAL MARKET UPDATE – MARCH 2020 COVID-19 has not yet stopped the housing market’s momentum. Buyer interest remains strong and those who waited last year for a drop in prices have now seen several months of home prices increases. While some sellers and buyers are going to put their real estate sales and searches on hold, others may find opportunity. Despite […]
Market News Matthew Gardner – Will There Be A Recession in 2020? Windermere Chief Economist, Matthew Gardner, answers the most pressing question on everyone’s minds: Will there be a recession in 2020? Here’s what he expects to see.  
Market News LOCAL MARKET UPDATE – JANUARY 2020 2019 ended with too many buyers chasing too few homes. December marked the sixth straight month of declining supply. The severe shortage of homes, historically low interest rates, and strong job growth are predicted to keep the local housing market strong in 2020. In a region starved for inventory, sellers can expect significant interest in […]
Market News LOCAL MARKET UPDATE – NOVEMBER 2019 A steady influx of buyers continued to strain already tight inventory throughout the area in October. Home sales were up, as were prices in much of the region. With our thriving economy and highly desirable quality of life drawing ever more people here, the supply of homes isn’t close to meeting demand. Homeowners thinking about […]
Regional Market Updates Eastside Market Update October 2019 The Eastside continues to record the highest home prices in the region. As the construction boom ramps up, developers remain confident in the strength of the local economy. Read the full update here.
Market News Western Washington Real Estate Market Update Q3 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 me.   ECONOMIC OVERVIEW Washington State […]
Market News Local Market Update – August 2018 For the first time in years, the real estate market is finally starting to deliver good news for buyers. The region experienced its third straight month of significant growth in inventory.  Homes are sitting on the market longer, prices are moderating, and multiple offers are becoming more rare. Despite the surge in homes for sale, […]
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