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Pending sales around Washington state reached the highest level since October and surged nearly 44% from December, according to the January report from Northwest Multiple Listing Service. Last month’s 5,776 mutually accepted offers were down about 9% from a year ago, but brokers seemed encouraged by the “favorable spike.”

Prices on last month’s closed sales edged up slightly, at 0.41%, compared with twelve months ago. The area-wide median price on January’s 3,264 completed transactions $557,250; a year ago, when there were 5,085 closed sales, it was $555,000. Nine of the 26 counties in the report had year-over-year price bumps.

“We are seeing multiple offers once again,” stated John Deely, VP of operations at Coldwell Banker Bain. “It’s not like it was at the peak of the market, but buyers are out there and competing for properties,” he added.

Northwest MLS brokers encouraged by declining mortgage rates with some saying pent-up demand is triggering multiple offers - Northwest Multiple Listing Service Pending sales around Washington state reached the highest level since October and surged nearly 44% from December, according to the January report from Northwest Multiple Listing Service. Last month’s 5,776 mutually accepted offers were down about 9% from a year ago, but brokers seemed encouraged ...

Susmitha Reddy Real Estate Group wishes everyone Happy New year 2023

Susmitha Reddy Real Estate Group wishes everyone a Merry Christmas and Happy New Year 2023

Markets like Sacramento and Seattle, which experienced a boom during the pandemic, now have some of the highest delistings rates, according to Redfin

As the housing market slowed down, home delistings hit a record high of 2% on average each week during the 12 weeks ending Nov. 20, according to a new report by Redfin. The delisting rate averaged 1.6% one year ago

Read more here: https://www.realtrends.com/articles/west-coast-markets-are-experiencing-a-record-number-of-delistings/

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Seattle’s Housing Market Has Entered “The Great Reversion”

The market may feel like it’s stagnating after the bonkers competitive pandemic years, but compared to 2019, inventory is still tight and prices are still higher than they once were in some areas.

Read more here: https://www.seattlemet.com/home-and-real-estate/2022/10/seattle-real-estate-market-neighborhood-housing-prices-september-2022

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Despite Cooler Housing Market, Seattle Suburbs Saw Big Gains

MUCH LIKE THE state of real estate in Seattle proper, where some neighborhoods are showing decent growth and others are signaling a buyer’s market, the latest Northwest Multiple Listing Service data for the suburbs presents a muddled picture

Read more here: https://www.seattlemet.com/home-and-real-estate/2022/11/seattle-bellevue-redmond-real-estate-housing-market-october-2022

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Where Did Home Prices change the Most in Seattle Last Month?

Housing prices are softening throughout the region, but don’t call it a real estate crash just yet.

Back in 2021, we marveled at the unrelenting competitiveness of the local real estate market. Now, housing prices aren’t only slowing in year-over-year growth, they’re actually falling in some neighborhoods, according to the latest data from the Northwest Multiple Listing Service

Read more here: https://www.seattlemet.com/home-and-real-estate/2022/09/seattle-housing-market-real-estate-crash-august-2022

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Types of land properties Dm me or email me at [email protected]

Susmitha Reddy Real Estate Group wishes everyone a Happy Diwali 2022

Where Did Home Prices Fall the Most in Seattle Last Month?

Housing prices are softening throughout the region, but don’t call it a real estate crash just yet

WHAT A DIFFERENCE a few months can make. Back in 2021, we marveled at the unrelenting competitiveness of the local real estate market. Now, housing prices aren’t only slowing in year-over-year growth, they’re actually falling in some neighborhoods

https://www.seattlemet.com/home-and-real-estate/2022/09/seattle-housing-market-real-estate-crash-august-2022

For more information dm us or email us at [email protected]

Seattle’s Housing Market Has Entered “The Great Reversion”

The market may feel like it’s stagnating after the bonkers competitive pandemic years, but compared to 2019, inventory is still tight and prices are still higher than they once were in some areas.

Read more here: https://www.seattlemet.com/home-and-real-estate/2022/10/seattle-real-estate-market-neighborhood-housing-prices-september-2022

For more information and best rates Dm or email us at [email protected]