One of the questions I am most frequently asked is about the real estate market. Is the market still hot, or is it cooling off? Is the market in a bubble? is now a good time to buy? Sell? The one thing I like to rely on to answer these types of questions are facts and data.
Below are statistics about the market. We are still pegged in an extreme sellers market. Even with rising interest rates. It’s basic supply and demand. There’s tons of demand and not much supply.
A sellers market is great if you are a seller, but a bit more challenging if you are a buyer. However, there are things you can do with an offer that can make it more attractive to a seller. (But I’m not going to give away all my secrets on my website!)
I love to discuss real estate in depth. Call me if you have questions or just want to know what’s going on in the market. It’s one of my favorite topics! (206-930-2922)
Seattle Related Statistics:
Western Washington Related Statistics:
Windermere’s Chief Economist, Matthew Gardner, creates an excellent economic forecast for Western Washington. Matthew is a nationally recognized economist that specializes in the real estate markets